We are facing a monthly closing and we are going to review the possibilities for the price of bitcoin
Let's see
Let's hope that Bitcoin does not close the monthly candle below 20000.
Closing below would not be a good indication for the price of Bitcoin.
In its history bitcoin has not closed a weekly and monthly candle below a high of a previous bullish cycle.
Keep going down
If it closes below 20,000 it would be the first candle to close below a previous cycle high.
This could indicate that the price could continue to correct.
Next support according to weekly and monthly candles
According to monthly candles
If the price of Bitcoin closes the month below 20,000 dollars, according to monthly candles, the price of Bitcoin could correct up to 13,700 dollars.
** According to weekly candles**
If the price of Bitcoin closes the month below 20,000 dollars, according to weekly candles, the price of Bitcoin could correct up to 16,200, where we see good support, and if it breaks down, the next support would be at 13,700 dollars.
What do you think?
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
Protect your Investments
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