Bitcoin (BTC / USD) Retest to the bearish line?
Bitcoin (BTC / USD) Retest to the bearish line?
In the last hours Bitcoin has broken the range channel and is approaching the downtrend line.
Will we see a retest?
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In the chart we can see a breakdown point in which price accelerates its fall and we see that it has not managed to break up
A few days ago I did an analysis saying that the price could retest the downtrend line before starting an upward rebound.
Graphic from a few days ago
In the last few days the price has moved in channels, in ranges.
Today we can continue to validate the same analysis, in a greater range.
Analysis of the last hours
What we do see in the price of Bitcoin is that in the last hours, it breaks the downward channel
This could lead the price to retest the downward trend line that would coincide with the 31,000 it has already touched, forming a double bottom.
From there we have two possibilities, to bounce up to $ 48,000. or go get the 23000 dollars
And what do you think?
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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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