Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
OK! Knock knock dead on the line...
Not looking great...
Not looking great...
Last chance for a bounce before lower lows? Not as convincing as when previously at $46K levels. This is either the re-test of support, or the rolling over stage.
Otherwise with price getting rejected by $48K as is currently the case it opens the door for $46K and lower.
Back above $48K (volume point of control & 50 Week MA) and my mid-term bullish bias returns. The year ends tomorrow.
Likewise if the year closes below $48K support, price might be in trouble.
Should probably have extended this to end of week, but without price bouncing back by tomorrow, sounds about right now.