Hi guys!
This is an analysis I made from all the different charts of BTC, of course, I am not a crypto trader or have I ever analyzed any crypto pairs but the charts were so compelling that I feel like they were talking to me haha!
Also, this is more of a trendline analysis based on support and resistance level but I think it’s highly accurate and to the point.
What I’m seeing is a bearish movement to $55K price! It might sound a bit absurd at the beginning considering the recent halving but a resistance level have just been broken and the second one is about to break. My analysis suggests that it will most likely break but at the current price, it’s hard to find an entry point because it’s right next to the resistance level.
Tell me what you guys think.
