Post
Topic
Board Speculation
Re: Bitcoin is getting more bearish, what is the trigger?
by
dbc23
on 03/02/2022, 15:14:03 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.
it hasn't broken the support zone yet to continue the bearish move so for now revolves around $36k we are not sure of a more bearish move for now until we see a major breakout and a confirmation candle formed before the breakout. February is always a range market where price neither goes up nor down and until a breakout is seen its inconclusive to make a trading decision now