RLinda ! BTCUSD-> Buyers are weak. What will happen to BTC?

26 בספט׳ 2022

BTCUSDT The downtrend continues, pulling the entire cryptocurrency market down. What is it? Is it a crash or does the market want to eat everyone who opened positions at the cheapest price?

On the chart, we see the formation of a downtrend channel, which coincides with the global trend The price previously tested the strong resistance formed in November 2021 and then the asset falls to the 18500 mark, against which there is no serious reaction in the form of a pullback.

We see the price consolidating above the level, but not making new highs, which caused the price to squeeze the support. That is a prerequisite for the continuation of the fall, because the buyer has no power.

I assume that bitcoin will continue its decline from 18500 (either it will form a break-down support after the end of the pre-break consolidation, or after the pullback to the resistance, which it will not be able to break. I have marked some medium-term targets, the support at 17610 and 16188.

Regards to R. Linda!