#Bitcoin TRADE :......
It’s been a painful six-week run in Bitcoin as a -35.69% sell-off took over. But, as the old saying goes, major tops or bottoms like to make themselves known, and the reaction around 85k last Friday has made a mark, and that has since led into a shift with prices now building back up to the 90k level.
There’s something for everyone here – if you’re bearish Bitcoin, we have a big resistance level in-play with more context a little higher. If you’re bullish, there’s now short-term structure of higher-highs and higher-lows to work with. Both sides are analyzed in this article.
It’s been a painful six-week run in Bitcoin as a -35.69% sell-off took over. But, as the old saying goes, major tops or bottoms like to make themselves known, and the reaction around 85k last Friday has made a mark, and that has since led into a shift with prices now building back up to the 90k level.
There’s something for everyone here – if you’re bearish Bitcoin, we have a big resistance level in-play with more context a little higher. If you’re bullish, there’s now short-term structure of higher-highs and higher-lows to work with. Both sides are analyzed in this article.
Bitcoin hasn’t experienced a drawdown of this magnitude since the 2021 top, which led to a massive -77.57%
Bitcoin hasn’t experienced a drawdown of this magnitude since the 2021 top, which led to a massive -77.57%