After being rejected at the 40k zone BTC has formed a bearish heads and shoulders formation and now threading on an area I call the "Danger" or the "Crutial" zone.Two scenarios here:
1) it will hit the 36,500 support, form a double bottom and bounce back to to break the 40k resistance.👍👍
Or
2) it will continue downward towards the 31k area where the left shoulder completed its leg.
But I am more hopeful for the 1st. 🤞🤞🤞
1) it will hit the 36,500 support, form a double bottom and bounce back to to break the 40k resistance.👍👍
Or
2) it will continue downward towards the 31k area where the left shoulder completed its leg.
But I am more hopeful for the 1st. 🤞🤞🤞