I see further down pressure on BTCUSD.
Broadly, I see a wide downward channel that can be charted back from the ATH in April.
More immediately, I see a sharper downward channel from the recent bounce. RSI is making some pretty patterns which converge with hitting key levels of support in Mid-Oct.
I think we will go 45k > 35k > 40k > 30k before any sustained rally. Beyond that, yet more downward pressure.
How low? I've 3 targets in mind. 20k, 14k and 10k.
Broadly, I see a wide downward channel that can be charted back from the ATH in April.
More immediately, I see a sharper downward channel from the recent bounce. RSI is making some pretty patterns which converge with hitting key levels of support in Mid-Oct.
I think we will go 45k > 35k > 40k > 30k before any sustained rally. Beyond that, yet more downward pressure.
How low? I've 3 targets in mind. 20k, 14k and 10k.