🔴The price remain bearish and is still stuck below the daily downtrend 📉
The underlying trend has changed and the previous bearish scenario is still valid!
In the medium term, I still think BTC will correct towards $52,000 or $50,000 📉
🟢Let's focus on the short term:
-Yesterday we saw that #altcoins reacted more strongly than the Bitcoin price. -As seen on the past analysis, $56,500 - $56,000 is a big price level for #bitcoin
-The current price is consolidating above this support📈 -The current price has not retested the daily bearish break and is oversold!📈
🟢We can therefore expect a bullish correction towards the $60,500 level before the downward trend resumes! 📈
The price may also retest $62,500. But as long as we test below that, we should see lower prices again🚨🚨🚨
Next key supports: 56 000 then 52 000$ zone 📉
🟡Note : 👇 As long as the BTC price is consolidating above 56 000$; I'm expecting #altcoins to react upward for some days. 📈
Black chart by @Obama 🐸
#BTC🔥🔥🔥🔥🔥 #BTC_CRASH_UPDATE
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