Hey guys! I wanted to share a technical analysis I had on BTC, of course, this is more of a trendline analysis based on support and resistance levels and I am not a cryptocurrency trader but the chart was so compelling. The chart strongly suggests a huge bearish movement and with the recent resistance break through, I have a huge feeling it could drop to $55K but the price is currently at another resistance level which makes it very hard to tell. I'd guess a few bounces and then a break through. to the price I mentioned. Tell me what you guys think. Also, shoot away questions that you have regarding my analysis.
