Has Bitcoin's downtrend begun?
Recent Downtrend:
The price has dropped from around $99,000 to approximately $86,000, indicating significant selling pressure.
The Kijun-sen (red Ichimoku line) is trending downward, and the price is below the Kumo cloud, confirming a bearish trend.
Ichimoku Cloud:
The future cloud (Senko Span A and B) is wide and bearish, indicating strong resistance at higher levels.
The Tenkan-sen (blue line) is below the Kijun-sen, which is a sign of market weakness.
HARS Indicator:
It is in the oversold area, which could signal a temporary correction or rebound.
If a bullish divergence appears, there is a chance of short-term price recovery.
Conclusion:
✅ The overall trend is bearish, but due to oversold conditions, a short-term pullback or correction is possible.
✅ If the price stabilizes above $89,000, we could see a move towards $92,000.
❌ A break below the $85,000 support level could lead to further declines towards $82,000 or even $72,000.
I'm in a short position for the short term and will definitely set my stop-loss around $89,000. Wishing you success and profitable trades!" 🚀
The price has dropped from around $99,000 to approximately $86,000, indicating significant selling pressure.
The Kijun-sen (red Ichimoku line) is trending downward, and the price is below the Kumo cloud, confirming a bearish trend.
Ichimoku Cloud:
The future cloud (Senko Span A and B) is wide and bearish, indicating strong resistance at higher levels.
The Tenkan-sen (blue line) is below the Kijun-sen, which is a sign of market weakness.
HARS Indicator:
It is in the oversold area, which could signal a temporary correction or rebound.
If a bullish divergence appears, there is a chance of short-term price recovery.
Conclusion:
✅ The overall trend is bearish, but due to oversold conditions, a short-term pullback or correction is possible.
✅ If the price stabilizes above $89,000, we could see a move towards $92,000.
❌ A break below the $85,000 support level could lead to further declines towards $82,000 or even $72,000.
I'm in a short position for the short term and will definitely set my stop-loss around $89,000. Wishing you success and profitable trades!" 🚀
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.