Will #Bitcoin crash more? 🤔 In the mid-term, if $BTC breaks

Bullish

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Will #Bitcoin crash more? 🤔 In the mid-term, if $BTC breaks below $60,000 with a daily confirmation, then we're in trouble. There is a huge volume gap between 60k - 53k. In an area of low volume, price action tends to be much more volatile - usually closing volume gaps quickly. The April monthly #Bitcoin candle has just closed. The "twin top" double candlestick formation is pretty bearish. Remember, we have been pushing upwards consecutively for 7 candles in a row! It is completely normal to see a significant reversal after such a long time... $BTC also fired a weekly bearish crossover on the MACD. Notably, this happened both times during the 2021 ATH tops. #BTC #BTC_MARKET_UPDATE #bitciondown

Will #Bitcoin crash more? 🤔
In the mid-term, if $BTC breaks below $60,000 with a daily confirmation, then we're in trouble.
There is a huge volume gap between 60k - 53k.
In an area of low volume, price action tends to be much more volatile - usually closing volume gaps quickly.
The April monthly #Bitcoin candle has just closed. The "twin top" double candlestick formation is pretty bearish.
Remember, we have been pushing upwards consecutively for 7 candles in a row! It is completely normal to see a significant reversal after such a long time...
$BTC also fired a weekly bearish crossover on the MACD.
Notably, this happened both times during the 2021 ATH tops.
#BTC  #BTC _MARKET_UPDATE #bitciondown  