Bitcoin has so far failed to claim the 200 week Moving Average (in blue).
If this week closes in red, then bears will continue to dominate the chart and likely for price to make a lower low.
That means a price below $17k with a tentative target at $14k.
This would be quite a significant correction and put BTC at -80% from its current ATH.
If this happens, then likely for the market to bottom around that area.
Bias is bearish on this price action.
Like and follow if you liked my idea!
If this week closes in red, then bears will continue to dominate the chart and likely for price to make a lower low.
That means a price below $17k with a tentative target at $14k.
This would be quite a significant correction and put BTC at -80% from its current ATH.
If this happens, then likely for the market to bottom around that area.
Bias is bearish on this price action.
Like and follow if you liked my idea!
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