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Bitcoin at critical resistance
Bitcoin is at a critical point. It is currently still ollowing my previous analysis with an expected reversal and initial retracement towards 30k.
It is possible that Bitcoin continues to go up, but we need very strong sentiment to do so. A powerfull break of the strong 51k resistance is required for that.
At the moment, I am bearish on Bitcoin.
Let me know your thoughts in the comments and like if you appreciate this post.
Disclaimer: this post represents my personal view and should not be considered trading advice.
It is possible that Bitcoin continues to go up, but we need very strong sentiment to do so. A powerfull break of the strong 51k resistance is required for that.
At the moment, I am bearish on Bitcoin.
Let me know your thoughts in the comments and like if you appreciate this post.
Disclaimer: this post represents my personal view and should not be considered trading advice.
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