BTC still below thick pink downtrend line, and now Bitcoin has created thin blue negative downtrend that needs to close above thin red line @ 58k today so it can break thin blue downtrend line... Btc is Looking bearish towards touching thick blue uptrend line @ 54.5k price area today. In order for BTC to get back above thick pink downtrend line bitcoin must close above thin orange line @ 60.350 π― In order for bitcoin to get back above thick purple downtrend line BTC needs to close above thick green line @ 63.6 thousand price area today... BTC needs to close above thin blue line @ 65k price area today, in order to break above thick yellow uptrend line.
Bitcoin must close above thick blue line @ 54.6k price today, or Btc could downtrend towards MUCH lower price levels π₯Ίπ like 50k price area.
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