With greetings and respect for the presence of Jan's compatriots. According to the 50-day moving average on the hourly chart, we can say that "the price will reach $63,500 (1:50EMA) and $62,200 in retreat if there is a further decline". You will then be redirected to the areas indicated in the diagram. But on a 4-hour time frame and looking closely at the chart above, you can see that Bitcoin is moving in a very strong zone where there is no support at the announced levels and cannot change the downward trend; Bitcoin can be expected to fall again to around $53,000 and even lower (I emphasize, "if the downtrend does not change after the pullback". (One of the signs of a trend change after the pullback can be a candlestick with a long being (Shadow) If you liked this article, support me by leaving more comments.
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