As I mentioned in my previous analysis, Bitcoin dropped to 61800 level and closed a strong red 4-hour candle. My current expectation is that if it continues to decline optimistically, it will touch the trendline level at 61300 and turn up. However, if it wants to go lower, it may want to see the 60600 and 59800 levels. If it closes the day above 63200, there will be no problem, but I would perceive a day close below 62200 as a warning to be cautious.
#Bitcoin #BTC
