Price action on BTCUSD daily chart have fallen through the Ichimoku cloud. It it the first time this happens since the price was around 10k in Sept/Oct 2020.
If today's daily candle fails to close above 49600 then there is little that can stop BTC from falling down al least to EMA200 around 39300. However, if we see a rebound today with price staying within the cloud, then chances are that price can slowly recover up.
If today's daily candle fails to close above 49600 then there is little that can stop BTC from falling down al least to EMA200 around 39300. However, if we see a rebound today with price staying within the cloud, then chances are that price can slowly recover up.
