BTC: LAST HOPE FOR BULLS!!
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Welcome to this BTC update.
BTC is continuously dropping after the rejection from the 22.5k resistance level. It is forming a bear flag in a 12hr time frame and currently hovering near the lower trendline of the flag. As long as BTC stays above this lower trendline (19k) we can expect a bounce from here.
If in any case, it breaks down from this bear flag (Break below 19k) then be ready for another low.
Support:- 19k
Resistance:- 22.5k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC is continuously dropping after the rejection from the 22.5k resistance level. It is forming a bear flag in a 12hr time frame and currently hovering near the lower trendline of the flag. As long as BTC stays above this lower trendline (19k) we can expect a bounce from here.
If in any case, it breaks down from this bear flag (Break below 19k) then be ready for another low.
Support:- 19k
Resistance:- 22.5k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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