Bitcoin has entered sell zone
Although I was bullish Btc, once the cryptocurrency has broken under 63k, my opinion has changed to bearish, at least for the short to medium term.
After this break to the downside, BtcUsd fell and made a local low at 56k.
A rebound was normal after this and at this moment, Bitcoin is trading exactly in resistance and strong sell zone.
I expect a new leg down to follow and my objective for short trades remains 52k zone.
Only Btc back above 61.5k would change my opinion
After this break to the downside, BtcUsd fell and made a local low at 56k.
A rebound was normal after this and at this moment, Bitcoin is trading exactly in resistance and strong sell zone.
I expect a new leg down to follow and my objective for short trades remains 52k zone.
Only Btc back above 61.5k would change my opinion
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