This is the first day of new week and Bitcoin price went down 10%. We have never seen this huge daily red candle in last months. I shared lots of analysis for Bitcoin price chart and said We may see red candle after 8 weekly green candles..
I was sure. Because there were no 9 green weekly candle in Bitcoin price chart since 2013.
There is no reason that we see 9 weekly green candle. So, the opening of new week is red..
Here you can see hammer pattern on Bitcoin price chart. Bitcoin price dropped by hitting like a hammer. We entered bearish trend which I said lots of times. We may see bearish trend until halving..
I shared lots of analysis for possible bearish trend until halving. Here you can see the Indicators on weekly Bitcoin price chart and you can understand why I say this bearish trend.
Fisher Indicator is on the top and reverse this week or next week. When you look fisher Indicators past, the price correction may take atleast 5 weeks..
MACD Indicators is also on the top and reverse..
I will share possible support levels for Bitcoin during bearish trend. This will be the last chance to pick up discounted crypto as Hive.
We will see...
@Chorock Brother, what do you think, will Bitcoin go down further? And if it does, how much lower could it go?
Moreover, with Bitcoin's price going down, do you think other altcoins will also decline?
One more thing, can the price of Blurt also decrease?