BTC Weekly Price Analysis: Down 11% & We Should Expect More Downside This Week

in #bitcoin4 years ago

Bitcoin closed last week at $46 and that was below the weekly trend indicator line and it also formed an engulfing candle which is telling us that there is a high possibility of more downside to come this week.

Sort:  

What a disappointing month. BTC could have reached $60,000 by now if the whales didn't play dirty.

well, it is possible, but im more of a cycle guy, the bigger trend cant be manipulated and I still think we will head to 60k and above in October at the latest.