On the weekly chart BTC seems to have formed a double top with two similar peaks above 60k and a neckline at 31k.
In my opinion, as long as 31k resistance isn't broken, and flipped as support, more downside is possible. In combination with the SMA death cross, the weekly chart is pretty bearish at the moment.
In my opinion, as long as 31k resistance isn't broken, and flipped as support, more downside is possible. In combination with the SMA death cross, the weekly chart is pretty bearish at the moment.
