Bitcoin has now closed below the trendline on the daily resulting in a higher probability of more downside and possibly test of $15,500 (Green line)
A close back above the trendline for me would invalidate this price prediction, but for now with Bitcoin trading below the trendline I expect further downside.
We will have to see what Bitcoin decides to do if it tests the $15,500 zone
A close back above the trendline for me would invalidate this price prediction, but for now with Bitcoin trading below the trendline I expect further downside.
We will have to see what Bitcoin decides to do if it tests the $15,500 zone