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.
