Bitcoin is still bearish or...
From June, bitcoin started to fall and maybe it is not a good news for a people that hodl it but as a matter of fact, it is the nature of the market.
weekly chart, show level 25000 is so important and hope to work as support but if it breaks, the price can down to 22000 or lower and from the lessons that we got in last year, it can be possible. But if 25000 has enough strength to work as support, the price can go up to 33000 and start making a good level for bullish market.
Now lets have a look at daily chart:
https://www.tradingview.com/x/hWzncH7h/
Up trend was broken and pull back was done too and maybe it has the news that the power is in sellers hand. still the level 25000 has an important roll for be as a good support and if it fails, the price can see lower levels.
Do not forget that November is so important for bitcoin...
weekly chart, show level 25000 is so important and hope to work as support but if it breaks, the price can down to 22000 or lower and from the lessons that we got in last year, it can be possible. But if 25000 has enough strength to work as support, the price can go up to 33000 and start making a good level for bullish market.
Now lets have a look at daily chart:
https://www.tradingview.com/x/hWzncH7h/
Up trend was broken and pull back was done too and maybe it has the news that the power is in sellers hand. still the level 25000 has an important roll for be as a good support and if it fails, the price can see lower levels.
Do not forget that November is so important for bitcoin...
Penafian
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