at the new ATH that formed we talk about the weakness of bitcoin and fall that was expected and targets that reached :
for now as you can see, we had breakout on ascending channel and after retest of breakout on ascending channel more fall is expected :
Notice: strong support zone is here too and we may expect continuation of rise after reaching 60 K and why strong support is there ? 1.first of all beacuse we had strong resistance on 60K that broke and now turn to support 2.trendline (green trendline is touching for forth time but we may expect breaking that too as mentioned ) DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
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