Price broke down 50 EMA. What's next?
BTC is still bullish overall. But for now there is a correction taking place.
We can see price dropped down from daily 50 EMA. BTC now is searching for lower supports.
Bottom of the pitchfork channel or the green box support can protect BTC from falling further on bullish aspect.
If price cannot hold the green box, then next target is red box major support about 45-40K. I don't think that BTC will fall down from there. If so RUN!
We can see price dropped down from daily 50 EMA. BTC now is searching for lower supports.
Bottom of the pitchfork channel or the green box support can protect BTC from falling further on bullish aspect.
If price cannot hold the green box, then next target is red box major support about 45-40K. I don't think that BTC will fall down from there. If so RUN!
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