Is BTC Crashing?
Disclaimer: I don't associate myself with crypto for the time being. I don't care if you love crypto, this is my view on purely price action.
Let me start by saying I founded 'BTC' around early 2021 i say Feburary and was quite intrigued by the concept of a new online digital platform, but let me bring your attention to the current price of BTC sitting at around 54,000 and what im clearly seeing is bearish momentum coming into play. 20k we saw a massive amount of bulls race into the market, giving price the chance to create a clean Upper Trendline, but a loss of buyers was soon expected to come once people decided that they don't want to be too 'Greedy' if you must say. High to the most recent low shows a perfect Fibonacci extension banging right on a piece of structure, also known as a Higher Low that we recently broken at 55,000. If we do decided that this will be our first daily timeframe lower low created, it would be the time now to say it.
Let me start by saying I founded 'BTC' around early 2021 i say Feburary and was quite intrigued by the concept of a new online digital platform, but let me bring your attention to the current price of BTC sitting at around 54,000 and what im clearly seeing is bearish momentum coming into play. 20k we saw a massive amount of bulls race into the market, giving price the chance to create a clean Upper Trendline, but a loss of buyers was soon expected to come once people decided that they don't want to be too 'Greedy' if you must say. High to the most recent low shows a perfect Fibonacci extension banging right on a piece of structure, also known as a Higher Low that we recently broken at 55,000. If we do decided that this will be our first daily timeframe lower low created, it would be the time now to say it.
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