#BTC UPDATE
Bitcoin doesn’t look strong here. I don’t see purchases here, bulls are waiting for something or just not buying at this price.
In fact, we have the basic consolidation formation. As long as we trade above the $40,000 level, bullish trend remains safe.
We may see fake breakdown of this level, that’s for sure, don’t get fooled by it.
If Bitcoin breaks the $40,000 down and take hold below, the real correction will start. But only correction, not talking about any bearishness anymore
