Quick pullback from 52k wiped -20% from the price, creating opportunities in support zone. Demand in Bitcoin high enough, so it is quite possible to see recovery from here.
Keep in mind 42.3K level which important for sellers. If support will be strong enough - the price may do good pullback from this support and take another chance to break 52k. Quite good opportunity with nice risk/reward, so I will rebuild my long position to try.
If price failed 42k - this will trigger another selling wave — in this case we must watch for levels near 38K.
Best regards
Artem Shevelev
Keep in mind 42.3K level which important for sellers. If support will be strong enough - the price may do good pullback from this support and take another chance to break 52k. Quite good opportunity with nice risk/reward, so I will rebuild my long position to try.
If price failed 42k - this will trigger another selling wave — in this case we must watch for levels near 38K.
Best regards
Artem Shevelev
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