Hello traders! Bitcoin is now facing a big test! Technically speaking BTC is in a corrective structure right now. The price is below our daily MA. Bitcoin is now at a critical level, it's close to its February lows. It must protect this level. It is very possible that sellers which are in control, to push bitcoin lower and retest this zone, and even to make a lower low. If this is the case, then it can form a double bottom pattern. This is not a BAD news at all, but a GOOD news especially for long term investors, as we can get LOWER and CHEAPER prices. You should not be afraid, because this is actually an opportunity to buy. Many traders who missed the previous low will likely be looking to load up. This is really the KEY test for BTC, which is can it mantain and hold this level? Bitcoin MUST protect this level and bounce off, for a possitive UP trend move. We need to see how the price respond to this level. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
