What happens here in my opinion will depend on what happens next with Bitcoin.
Bitcoin has now been rejected twice at 45.5K.
If 45.5K gets taken out then it's possible for a run to 52K and ANY to see $4 or so.
I don't see the bitcoin chart staying anything but negative since it has broken down and more likely than not a retest of 20K is in the works.
A run to 52k is possible with a close over 45.5k resistance.
With that said, it's quite possible to retest the $1 range and below before the smoke clears.
Just my opinion, review my previous charts.
Bitcoin at and below 20K will present a major buying opportunity. Bitcoin is not done and not for the faint of heart, protect your capital
Bitcoin has now been rejected twice at 45.5K.
If 45.5K gets taken out then it's possible for a run to 52K and ANY to see $4 or so.
I don't see the bitcoin chart staying anything but negative since it has broken down and more likely than not a retest of 20K is in the works.
A run to 52k is possible with a close over 45.5k resistance.
With that said, it's quite possible to retest the $1 range and below before the smoke clears.
Just my opinion, review my previous charts.
Bitcoin at and below 20K will present a major buying opportunity. Bitcoin is not done and not for the faint of heart, protect your capital