🔥 Bitcoin: What Is Next

We've all experienced the crypto sell-off earlier today. A sell-off with a magnitude we haven't seen in quite a while now: high to low of almost -18.5%!

Sell offs like these are natural in overextended markets like crypto is at the moment. A positive note is that Bitcoin has reversed from the support level that I drew in my previous Bitcoin analysis:

For now, we're going to trade this reversal.

On the chart I’ve marked two potential areas of resistance, R1 based at the ATH and R2 based at 60k. Do your own due diligence.

Happy trading!