Wow BTC decides to create thick pink downtrend line, and now Bitcoin is Looking bearish towards thin red line @ 57k price area; retesting thick blue downtrend line today... In order for BTC to get back above thin purple uptrend line bitcoin must close above thin yellow line @ 71.8k price area today π― In order for bitcoin to get back above thick teal uptrend line BTC needs to close above thin purple line @ 66.5 thousand price area today... In order for btc to break to the upside of thick pink downtrend line btc must close above 61k today. If BTC decides to fake out below thick blue downtrend line, Bitcoin must close above thick red line & thick black uptrend line @ 56.3k price today, or Btc could downtrend towards MUCH lower price levels π₯Ίπ like 50k price area.
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