$BTC -update:

🔴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