#bitcoin☀️ is in a huge downtrend on the daily timeframe.
We can see price action where support & resistance levels are getting respected beautifully.
Everytime we broke the support, we retested it as resistance.
If #BTC☀ wants to become bullish again, we need to see a break of the trend. Bitcoin needs to create a higher low and a higher high on the chart.
For now, the first big support level on the daily timeframe is at the $52,000
This is another interesting accumulation zone for me to buy more $BTC
My limit buy orders are set already...