BTC 4 HOUR CHART – HAS THE AIR COME OUT OF THE BALLO0N?
As I pointed out previously, BTC was not seeing safe-haven flows despite the current geopolitical situation.
This may have been a clue that the air was coming out but looking at this chart the blue AT lines dominating showed a risk on the downside.
What amazes me about BTC is that is when a technical level or pattern holds in something that can move 7% on a Saturday.
With that said, the move below 60000 came close to a key level (see chart) which if broken would leave a void until around 50000.
This shows the importance of 60000 as a pivotal level and the key support line below it.