Bitcoin can't hold gains. Break under 30k soon?
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There's no doubt I m bearish Bitcoin since 60k, and the main crypto didn't disappoint me, on the contrary...
Since the top, BtcUsd lost half of its value and it looks like it will not stop here.
Looking at the price action this week we can clearly see that rallies are sold and bears are in total control.
That being said I expect also a break under 30k and considering a lot of stop losses under this figure I expect Bitcoin to tumble hard and fall towards 20k very important support.
Only a sustained bullish momentum and price above 37k would put Bitcoin in a more optimistic perspective.
Since the top, BtcUsd lost half of its value and it looks like it will not stop here.
Looking at the price action this week we can clearly see that rallies are sold and bears are in total control.
That being said I expect also a break under 30k and considering a lot of stop losses under this figure I expect Bitcoin to tumble hard and fall towards 20k very important support.
Only a sustained bullish momentum and price above 37k would put Bitcoin in a more optimistic perspective.
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P.S: Also the chart is showing a large H&S this year
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