Bitcoin / USD may fall to 33000 - 36000
Our preference
Short positions below 41500 with targets at 36000 & 33000 in extension.
Alternative scenario
Above 41500 look for further upside with 45000 & 48000 as targets.
Comment
The RSI lacks upward momentum. Also, the price has broken below a bullish channel lower boundary.
Our preference
Short positions below 41500 with targets at 36000 & 33000 in extension.
Alternative scenario
Above 41500 look for further upside with 45000 & 48000 as targets.
Comment
The RSI lacks upward momentum. Also, the price has broken below a bullish channel lower boundary.