BTC 1D - Bearish Trend
BITBAY:BTCUSDT
This is the BTC 1D chart - downtrend pattern. We also see the Death Cross playing out with a wide separation between 50 & 200 MA. Looking like a slow bleed for BTC down into 15-20K levels (if previous history will repeat itself).
For the past 9 days, BTC candle has not been able to close above 34,700 level. If it does, a mini break out may happen where BTC could go to 37-38K but with no real positive news on BTC or the crypto market, it is hard to see how BTC can surge up to 40K or higher.
Not Financial Advice.
This is the BTC 1D chart - downtrend pattern. We also see the Death Cross playing out with a wide separation between 50 & 200 MA. Looking like a slow bleed for BTC down into 15-20K levels (if previous history will repeat itself).
For the past 9 days, BTC candle has not been able to close above 34,700 level. If it does, a mini break out may happen where BTC could go to 37-38K but with no real positive news on BTC or the crypto market, it is hard to see how BTC can surge up to 40K or higher.
Not Financial Advice.
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