#BTC/USD Daily Analytics Update 18th April

- Bitcoin is ready to go lower due to the fact that price broke support line and is in downtrend now, price can fall more and reach support level to test it
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL

https://www.tradingview.com/x/gs8hPuA9/

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#The_Bull|$OMG/BTC is pretty bullish IMO, so it should be fine

https://www.tradingview.com/x/6epkZnnz/


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Update: almost 8 billion dollars of liquidations in single hour

👩‍💻 #REVIEW BITCOIN

Straight to the point: most likely #BTC will see a bounce at least to test the broken ascending support - that's around $59k. Now two possible scenarios after the retest:

1. #BTC pumps back above $59500 and $60500, and becomes bullish again
2. #BTC dumps back and ready for $45k or lower

The strategy for me is super easy: if $59k level isn't reclaimed, I'll simply sell my Bitcoins and maybe open some alts shorts. If the price goes back above $60k, I'll buy some more #BTC there!

The Bitcoin Hash Rate is down 40% today, as a result of the Xinjiang blackout.

One province in China represents a significant share of the Bitcoin network.

This is a better explanation for the BTC crunchening than the US treasury rumour IMO.

In a longer timeframe BTC is still fine and still we are in a bull run. So don't panic. Keep your funds safe we have lots of opportunities to earn more.

Stay tuned and pin our channel at top.

SOPR bitcoin lows and tops indicator turns negative.

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