BTC Price Analysis

BTC price surged above $45,000 since the beginning of the month, but plunged drastically and now displaying a huge possibility of visiting lower support below $35,000. A drastic pullback may also drag the price too as low as $32,000 in the upcoming days.

Coinpedia reported that it was not the right time to buy Bitcoin. Mainly because it may fake a flip from the downtrend. Conversely, it may be the right time to short BTC as there are huge possibilities of the asset reaching lower lows shortly.

#BTC – Plan going into next week

– Price tapped a H1 demand over the weekend. If we can reclaim the swing high, may look at a long into a lower high.

– Looking for shorts if we do get an early week rally

– Looking for swing longs ~32k

Lights out if we lose D3 demand. [pic.twitter.com/dW03FkqCXU](