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  • Writer's pictureCryptofool

Technically speaking: BTC Short term

The price failed to break through the Ichimoku cloud in the 1D chart. Right now, its on its way to retest previous price lows at $20 - 19K. If hold , we may see another attempt to break above the cloud. If the price breaks below the $19K level we will see another low. Most likely $13 -14K levels.

Lets not forget that the long term trend is down and the price always moves to the path of least resistance. We may see a few oversold rallies here and there but for the reversal its going to take time.

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Please note, we’re not offering any financial advice. It’s worth researching the topics of cryptocurrency, trading, and investing on your own or reaching out to professional advisors.

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