Maybe it is just my opinion but the price of bitcoin is making me sweat.
Now, this is purely based on technical analysis of the daily chart when I make this statement.
Lets look at what is playing out though...
So looking at the daily chart we can see that price broke below the 60k support and then pushed through the 200 day moving average as well.
We got what looked like a reversal candle and one day rally only to see price fail at the 200 day MA and not even really test 60K.
Since then the price action has been sideways with little volatility.
Potentially we are seeing a bear flag pattern form before another leg down, ideally that is not the case and some buyers step in and get price back above 60K
