⚠️ Bitcoin getting ready for the next drop?
Hello, dear TradingView members.
This idea is a Bitcoin analysis.
Bitcoin has moved enough in the sideways channel.
Now can be the right time for the next move.
It can either be an ascending move if the price touches the middle Bollinger Band or a descending one if the bearish pattern continues the market correction.
The next price range in case of another fall can be the 12K-17K levels.
RSI still isn't showing oversold signals in the weekly timeframe, so we still have room to go lower.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a Bitcoin analysis.
Bitcoin has moved enough in the sideways channel.
Now can be the right time for the next move.
It can either be an ascending move if the price touches the middle Bollinger Band or a descending one if the bearish pattern continues the market correction.
The next price range in case of another fall can be the 12K-17K levels.
RSI still isn't showing oversold signals in the weekly timeframe, so we still have room to go lower.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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