BTC is STILL BEARISH
Updated
Bitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
Note
So the price got rejected from 41k...But what will happen next?
Be careful in short positions because the price is on support area of 34500 and 35k.
I think that BTC will go down to the 30k and 31k area but right now it's in middle of the trading range (between 30k and 42k) and it is possible to bounce up from here.
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