Bitcoin is down 11.3 percent this week and Ether is down 15.2 percent, and Coinbase says 62,000 is next if this range fails. 📉
Bitcoin fell to 66,456 dollars on Saturday, its lowest since August 19, after losing 70,000 dollars on Friday, and it is now down almost 12 percent in a single week. 📊 Coinbase Institutional sees 62,000 dollars as the next major level if the 66,000 to 68,000 dollar range fails to hold, and with fear at 13 and ETF outflows at a record 3 billion dollars since October 30, there is no large buyer stepping in yet. My reading is that the weekly close matters more than any intraday bounce, a close under 66,500 opens the road to 62,000.
Does the weekly close hold 66,500, or does Bitcoin print 62,000 next week? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinPrice
Bitcoin fell to 66,456 dollars on Saturday, its lowest since August 19, after losing 70,000 dollars on Friday, and it is now down almost 12 percent in a single week. 📊 Coinbase Institutional sees 62,000 dollars as the next major level if the 66,000 to 68,000 dollar range fails to hold, and with fear at 13 and ETF outflows at a record 3 billion dollars since October 30, there is no large buyer stepping in yet. My reading is that the weekly close matters more than any intraday bounce, a close under 66,500 opens the road to 62,000.
Does the weekly close hold 66,500, or does Bitcoin print 62,000 next week? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinPrice
