DLavrov

Bitcoin: Bulls Failed! What's Next?

BINANCE:BTCUSDT   Bitcoin / TetherUS
The price bounced from the strong resistance area. RSI and MACD confirmed the reversal. Bulls failed with their plan to push the price to $24 000 - 26 000. At least for now they are not so strong to do it.

We don’t have the bullish pressure. And it makes sense to consider a new attempt to move below $17 622, which is acting as support. If bears succeed, the market will have everything to reach $14 000 and $10 000.

There are no fundamental reasons for a trend reversal. We are in the bearish market and we should be ready to stay in such conditions for this year.

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