As it’s shown in the daily time frame, we have a strong downtrend which has started to drop again after a correction.
Price started to drop sharply after breaking the correction ascending trend line and has been fixed below it.
Currently, we expect more drop on BTC towards the next support level around 18800 and in the case of a downside breakout on this level, the next target would be around 17650.
Price started to drop sharply after breaking the correction ascending trend line and has been fixed below it.
Currently, we expect more drop on BTC towards the next support level around 18800 and in the case of a downside breakout on this level, the next target would be around 17650.
