Bitcoin down to 24K?
Bassti T
Technical analysis
3 years ago
1 QCP
Bitcoin correction continues as the price is now below 30K. There are 2 main reasons why I think bitcoin will correct further and go down 24K-26K area.
1. Descending Triangle on the daily Timeframe (1d TF)
2. The price is below EMA 20 on the Daily Timeframe
This is a clear sign that we may see further correction for Bitcoin. Unless it reclaims 33K area, I think Bitcoin chart looks bearish for now.
Good buying opportunities will be around 24K-26K if the correction goes further.
1. Descending Triangle on the daily Timeframe (1d TF)
2. The price is below EMA 20 on the Daily Timeframe
This is a clear sign that we may see further correction for Bitcoin. Unless it reclaims 33K area, I think Bitcoin chart looks bearish for now.
Good buying opportunities will be around 24K-26K if the correction goes further.
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