Bitcoin looking very weak😴

7 בספט׳ 2022

On the weekly chart Bitcoin is just above the support area between $17,500 - $19,000 we really need to see the price finding support otherwise a breakdown of this area could lead to the price looking for the next support area around $12,000 Traditional markets like Dow Jones and SP500 are still inside a bearish trend, with upcoming FED meetings and recession fears further correction is something that is possible. I am not saying that this will happen however we need to be prepared for the worst case scenario. What are your thoughts? Let me know in the comments! Remember this is not financial advice.