Bitcoin- 30k is my target for now
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
On Monday I said that “Bitcoin is drawing a nasty picture” and after a short-lived recovery above 40k figure, yesterday the price has dropped hard to the 38k zone, putting a bearish engulfing on our daily chart , which for me is a clear indication for downwards continuation.
At this moment the bearish flag that I’ve spoken above last week is broken to the downside and we can expect continuation.
My target for short trades is 30k and only BTCUSD back above 43k would change my perspective.
