Bitcoin Very Likely Continue Lower +Targets (Multiple Analysis) Short
Bitcoin / U.S. dollarBitstamp
Description
⋅ The Bitcoin discount is now fully live but we are likely to continue lower, based on the chart technicals.
We are having Black Friday and then Cyber Monday Bitcoin Discounts on BTC.
Here let me share with you multiple analysis from earlier this month (the are all bearish):
[Nov 16] I Think We Go Up But Before Up We Go Down! Bitcoin $100,000 Soon
[Nov 18] Do You Think All Hell Is Breaking Loose? Bitcoin Weekly Targets
[Nov 21] Small Cap. Altcoins Move, Bigger Still Correct | New Prediction
[Nov 22] The Descent Continues | $50,000 Followed by $45,000 | Bitcoin
[Nov 23] DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation
[Nov 24] Bitcoin Aims At $50,814 Short-Term + Altcoins Update
[Nov 25 - Yesterday] Bitcoin Bounce? Caution, 3B Options Expire!
Bitcoin Daily Chart Analysis
Today we have prices moving below the EMA100 blue line. This can spell disaster or simply lower prices.
Below EMA100, the next support level is set at around $49,000 - $51,000.
If it goes even lower, we are looking at MA200/EMA300 on the $44,000 to $46,000 price range.
When will Bitcoin recover?
How fast or how much lower can it go, we can know soon after allowing this move to develop.
Closing today below EMA100 would be strongly bearish but if prices recover and close above it things can change.
Meanwhile, we continue aiming lower.
Namaste.