$BTC Price Breakdown: Mon,16 Feb.
My personal Thoughts about Bitcoin.
Just look at the bitcoin chart it is in its down trend as it has broken its structure from bullish to bearish after the break of structure (BOS) it continuously making lower lows and lower highs showing a selling pressure sellers looks more optimistic than buyers which spread fear among the retailors, but if you are a longterm investor you do not need to be fearful just relax and hold on your assets until you got handsome profit.
let's talk about what will happen in the next few days or weeks by looking at the current chart.
Next support key level occur at the price of $60k and resistance level is at $72k to go higher bitcoin should break the resistance area and it will touch the 81k to 82k area which is a strong lower high area there is also CME gap and also Fair value gap which also has a high probability to fulfill in future and one more thing there is a clear head and shoulder pattern form in the chart which is going toward the completion of its right shoulder if it happens it will must come towards the 81k to 82k area.
But if it broke its lower high area it will shift its structure from bearish to bullish and prices will again pump hard lets see what will happen in the couple of weeks or months.
The next few months will be very interesting for everyone just keep your assets safe and manage your trades with tigh risk mangemnent and avoid to take high leverage trade.
what do you think about bitcoin drop your comment below and also share your opinion and tell me are you agree with my thoughts or not?
