Hi , it's clear that COVID 19 has affected also Crypto market especially Bitcoin , let's see why i forecast bitcoin price will go at least to 5.5K
1/fake breakout to 6.4k in the begining of the week
2/ strong rejection to resistance 6.4 k
3/ very strong resistance line who has been support line last few weeks
4/this line is very important psychologically for traders in two time :
the first before decline to 3k
the second before we go to 13K
5/descending line (green) could be respected , that's why i forecasted 5.5k , but let's don't forget that we are extreme situation when normal condtions don't apply
stay at home and have nice day
1/fake breakout to 6.4k in the begining of the week
2/ strong rejection to resistance 6.4 k
3/ very strong resistance line who has been support line last few weeks
4/this line is very important psychologically for traders in two time :
the first before decline to 3k
the second before we go to 13K
5/descending line (green) could be respected , that's why i forecasted 5.5k , but let's don't forget that we are extreme situation when normal condtions don't apply
stay at home and have nice day