#bitcoin☀️ is in a huge downtrend on the daily timeframe.

We can see price action where support & resistance levels are getting respected beautifully.

Everytime we broke the support, we retested it as resistance.

If #BTC☀ wants to become bullish again, we need to see a break of the trend. Bitcoin needs to create a higher low and a higher high on the chart.

For now, the first big support level on the daily timeframe is at the $52,000

This is another interesting accumulation zone for me to buy more $BTC

My limit buy orders are set already...