🔴BITCOIN: Just Days Away From A CRASH!

2023-09-21 08:16:02

Bitcoin is currently experiencing a downward trend and caution is advised, but the long-term prospects are still decent.

📉 Bitcoin is showing signs of bullish momentum but caution is advised due to being in the overbought area and a lower high.

💥 Bitcoin’s pattern of higher highs and higher lows suggests a potential upcoming decline.

📉 Bitcoin is showing weakness in price action and there are no divergences, so caution is advised on the one-hour timeframe.

💥 Bitcoin could be reaching a high point before a potential crash, as there is a death cross looming on the daily timeframe with the 50 EMA crossing below the 200 EMA, indicating a negative reaction to the current price.

💥 Bitcoin’s momentum has stalled and it is overbought, with a potential downside correction looming unless it breaks above 28,588, otherwise it is likely to move towards the 22,000-23,000 level.

📉 Bitcoin’s short to medium-term outlook is not promising due to factors like interest rate hikes and approved sales and liquidation, but the long-term prospects are still decent.

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