Good day everyone,
Bitcoin fail to go higher then the local top we made a few days ago around 44700 because of this we can see a deeper correction since we made a lower high which is a bearish confirmation. I target for this move is around 28600-29700. It should start to close above the 200MA.
It do not need to go this deep but it is very possible for a move like this to happen or for Bitcoin to move sideways while alts coins move higher.
At 28000 this will be the long term bullish support anytime it lose this support we can fall towards 24200 and 20,000.
These moves won’t happen overnight but currently it’s in the charts for a correction like this.
Bitcoin fail to go higher then the local top we made a few days ago around 44700 because of this we can see a deeper correction since we made a lower high which is a bearish confirmation. I target for this move is around 28600-29700. It should start to close above the 200MA.
It do not need to go this deep but it is very possible for a move like this to happen or for Bitcoin to move sideways while alts coins move higher.
At 28000 this will be the long term bullish support anytime it lose this support we can fall towards 24200 and 20,000.
These moves won’t happen overnight but currently it’s in the charts for a correction like this.
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YouTube youtube.com/@YTKingsofCryptoTA
X @Whalekingpin_TA
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