Momentum on the weekly and daily EMA's has recently crossed over signalling an overall bearish sentiment towards BTC over the next few weeks. There has been clear series of lower highs and lower lows and price now appears to be falling towards previously established support located within the 20-23k price range.
The 20k whole number psychological level also coincides with an overall previously established long term bullish trendline and fib 1.1618 retracement area.
Its likely we will continue to see price fall to just below the 20k mark before price begins to stabilise and establish some support again.
The 20k whole number psychological level also coincides with an overall previously established long term bullish trendline and fib 1.1618 retracement area.
Its likely we will continue to see price fall to just below the 20k mark before price begins to stabilise and establish some support again.