Bitcoin failing to break the $35k, continuation of the downtrend
As much as we may want btc to be stable at 
1M, there is always a correction after every surge. This time we have 35k as a crucial point, holding us back from balancing around 40k and beyond. Today being Sunday - a decisive day for the weekly close. If we still manage having Bitcoin close above $34.660 to engulf the recent moves, we might see more longs across the exchanges, considering the vast majority placing orders around $33.552. The higher it close - the better. Thinking objectively, we are in a downtrend and the next big zones are $32.800 and $31.000.
Anyway, have a great week!
1M, there is always a correction after every surge. This time we have 35k as a crucial point, holding us back from balancing around 40k and beyond. Today being Sunday - a decisive day for the weekly close. If we still manage having Bitcoin close above $34.660 to engulf the recent moves, we might see more longs across the exchanges, considering the vast majority placing orders around $33.552. The higher it close - the better. Thinking objectively, we are in a downtrend and the next big zones are $32.800 and $31.000.Anyway, have a great week!
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