If Bitcoin Fails to Break Above 83K,
The Trend Is Down
Last week, I said I expected Bitcoin to reach the 78K range as long as it remained below $83,000.
The price fell to $79,300 yesterday morning. The pullback I expected arrived, but we haven't seen 78K yet.
My expectation is that the trend remains down as long as we stay below $83,000.
If the $80,000 support breaks and we see closes below it, the $78K–$79K range is very likely. If Bitcoin breaks above $83,000, the picture changes and the upward move could accelerate. But that's unlikely at this stage.
This time, the decline started in Asia. Tech stocks saw heavy selling yesterday: the Korean stock market fell more than 7%, and Japan's Nikkei dropped about 5%.
These are my personal expectations and do not constitute investment advice.
#Bitcoin #nikkei #fed #nasdaq October 16
More details in the video
https://t.co/z8IkrxtokK
The Trend Is Down
Last week, I said I expected Bitcoin to reach the 78K range as long as it remained below $83,000.
The price fell to $79,300 yesterday morning. The pullback I expected arrived, but we haven't seen 78K yet.
My expectation is that the trend remains down as long as we stay below $83,000.
If the $80,000 support breaks and we see closes below it, the $78K–$79K range is very likely. If Bitcoin breaks above $83,000, the picture changes and the upward move could accelerate. But that's unlikely at this stage.
This time, the decline started in Asia. Tech stocks saw heavy selling yesterday: the Korean stock market fell more than 7%, and Japan's Nikkei dropped about 5%.
These are my personal expectations and do not constitute investment advice.
#Bitcoin #nikkei #fed #nasdaq October 16
More details in the video
https://t.co/z8IkrxtokK