If you’ve read my analyzes in the past months, you know that I’m bearish Bitcoin and the Crypto market in general and although I’ve had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term.
In my previous post, I draw attention to a large bearish flag visible on our daily chart .
Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag.
That being said, I expect a continuation to the downside with a 30k target.
Also, shorter-term traders can look at 34k previous low for their target