Bitcoin ‼️
Weekly Close: $74,743
Another tough week for Bitcoin as $BTC has now printed 5 consecutive red weekly candles, dropping another 4.6%.
The $72K level, which aligns with the 0.5 Fibonacci retracement, is getting closer.
Momentum has also turned negative, giving bears more control in the short term. 🐻
Bears are clearly winning this round, but the bigger picture still points to a bull market.
Market Trend:
4H: 🩸
1D: 🩸
3D: 🩸
1W: 🩸
1M: 🟢
The question is how much lower can BTC go before bulls step back in? 👀
Weekly Close: $74,743
Another tough week for Bitcoin as $BTC has now printed 5 consecutive red weekly candles, dropping another 4.6%.
The $72K level, which aligns with the 0.5 Fibonacci retracement, is getting closer.
Momentum has also turned negative, giving bears more control in the short term. 🐻
Bears are clearly winning this round, but the bigger picture still points to a bull market.
Market Trend:
4H: 🩸
1D: 🩸
3D: 🩸
1W: 🩸
1M: 🟢
The question is how much lower can BTC go before bulls step back in? 👀
