BTC is near critical support, Can this downtrend be continued?
#BTC Short term Analysis
Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$.
Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control)
If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas.
I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.
Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$.
Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control)
If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas.
I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.