Bitcoin |Update - Let's keep it simple
Bitcoin |Update - Let's keep it simple
BITCOIN is in a very critical price area.
As I have explained also on the previous idea the trading scenarios were both possible but
the bearish one had higher chances on the lower time frame.
Actually, the price is testing a strong support area between 41'000 - 41'600
From there the price can move up to 44'500 but it can also continue moving down.
The bearish momentum is still very high and for the bullish movement, we need to see a bullish price reaction.
Thank you and Good Luck!
Previous analysis:
BITCOIN is in a very critical price area.
As I have explained also on the previous idea the trading scenarios were both possible but
the bearish one had higher chances on the lower time frame.
Actually, the price is testing a strong support area between 41'000 - 41'600
From there the price can move up to 44'500 but it can also continue moving down.
The bearish momentum is still very high and for the bullish movement, we need to see a bullish price reaction.
Thank you and Good Luck!
Previous analysis:
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