Bitcoin(Another Shakeout is Processing)

in btc •  3 years ago 

•BTC has turned bearish and trading below EMA200 and also broken ascending channel in 1D timeframe.We need to reclaim $53K price level to remain bullish

•As BTC is resisting against $50K and it cant sustain above it so there are high possiblities that we can't reclaim $53K price level for now and instead see a drop somewhere around $42K

•A drop around $42K will be great buying opportunity for BTC and Alts.Don't forget that last time BTC dropped by 55% after making ATH then created another ATH of $69K mark so don't be panic but yea don't even go all in

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