Bitcoin - False breakout may start bear market

Bitcoin – False breakout may start bear market

Yesterday Bitcoin closed the daily candlestick below USD 58,000, showing false breakout of the historical top, this move could just be the beginning of a long downtrend that we may have.

On the weekly we also have a reversal signal with the two inverted hammers followed by a strong bearish candlestick that will close on Sunday, to undo this possible scenario Bitcoin needs to close this weekly candle above 60,000.

For this reason I decided to sell about 66% (2-thirds) of my cryptoactives yesterday