BTC is currently in a downtrend. It has not been able to maintain certain support levels nor break through certain resistance barriers as seen through the fibs. Although the market is extremely bearish in these moments, it is important to take into consideration the cyclical nature of btc's growth. Fundamentally speaking, in order for something to keep going up, it eventually has to "rest" and come back down, vice versa.
The 1 day chart is setting up for some major movement in the coming days/weeks. BTC may be entering the beginning of a whole new cycle of growth. Keep an eye out for what btc decides to do as it closes in on those purple trend lines.
The 1 day chart is setting up for some major movement in the coming days/weeks. BTC may be entering the beginning of a whole new cycle of growth. Keep an eye out for what btc decides to do as it closes in on those purple trend lines.