Bitcoin´s top is in, correction to 50k next
- BTC displayed weakness on low time-frames for several times this past week (two previous ATHs retests is NOT healthy)
- as it is now currently trading below 2021 ATH level that is final confirmation that the mid-term top is indeed in place
- with a weekly SFP of range high, the most logical target for downside is the 20MA (blue line)
- as it is now currently trading below 2021 ATH level that is final confirmation that the mid-term top is indeed in place
- with a weekly SFP of range high, the most logical target for downside is the 20MA (blue line)
Comentário:
Likely going to be wrong on this idea as the key pivot of 61.9k held.
Daily close above 69.5k and the uptrend continues.
Daily close above 69.5k and the uptrend continues.
The target of the head and shoulders is between 50 - 52k, which aligns well with the weekly 20SMA.