Post
Topic
Board Speculation
Re: Bitcoin is getting more bearish, what is the trigger?
by
bikers online
on 07/12/2021, 13:03:08 UTC


We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.
today the price of Bitcoin returned to the price of 50k and I think the correction time is over and it has started to slowly return to around the price of 50k more or less before the price will return to high.
I don't think Bitcoin price will go back down to 40k maybe it will only stay at 50k.