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Why will Bitcoin drop towards 52000 level
Bitcoin
Short
Why will Bitcoin drop towards 52000 level
By ShinForex1
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May 9
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May 9
Structure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume.
It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut.
if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000
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Bitcoin (Cryptocurrency)
bitcoindominance
BTCUSD
Chart Patterns
Cryptocurrency
Ethereum (Cryptocurrency)
Technical Indicators
Trend Analysis
ShinForex1
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