BTC short correction coming, heading towards 5k or 10k?
Hello Traders,
Here is my last analysis on BTC. Something interesting is definitely happening here, is BTC getting ready for more losses or has it bottomed already? Personally, I feel this could go lower to either 5K or even 2k. The reason I take that side of the trade is based on sentiment, we all know the crypto market overall is having "not its best day". So, I think we could see a small correction soon before it goes down a bit more, especially because there is a descending triangule getting tighter and tighter on the daily chart. It's not new to BTC to "Crash" and loss about 80% of its value based on historical data.
I would love to know what you think, feel free to leave a comment and give thumbs up if you like what you see!
Cheers,
-Shogun414
Here is my last analysis on BTC. Something interesting is definitely happening here, is BTC getting ready for more losses or has it bottomed already? Personally, I feel this could go lower to either 5K or even 2k. The reason I take that side of the trade is based on sentiment, we all know the crypto market overall is having "not its best day". So, I think we could see a small correction soon before it goes down a bit more, especially because there is a descending triangule getting tighter and tighter on the daily chart. It's not new to BTC to "Crash" and loss about 80% of its value based on historical data.
I would love to know what you think, feel free to leave a comment and give thumbs up if you like what you see!
Cheers,
-Shogun414
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