Bitcoin - More Downside?

 

BTCUSD Weekly Chart

BTCUSD Daily Chart

On Mar 18, 2024, I wrote that BTCUSD correction could be longer and deeper. See link below.

https://swingtrader188.blogspot.com/2024/03/bitcoin-hit-previous-all-time-high-at.html

Weekly chart shows BTCUSD still in uptrend but stalling.

Daily chart shows BTCUSD has broken below its 20ma, which has started to slope downward. This is bearish suggesting more downside is likely. The correction could be longer and deeper with the next supports at 60,760 and 52,099. 

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.