Bitcoin is drawing a nasty picture

25 เม.ย. 2022

If you've read my analyzes in the past months, you know that I'm bearish Bitcoin and the Crypto market in general and although I've had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term.
In my previous post, I draw attention to a large bearish flag visible on our daily chart.
Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag.
That being said, I expect a continuation to the downside with a 30k target.
Also, shorter-term traders can look at 34k previous low for their target