Tuesday, February 20

Critical point loss poses a Bitcoin target of $25,451.24

The new bearish signal in Bitcoin, says Bermejo, will be to lose $40,539.29 on a third attempt. “The asset is at risk because the figure is validated and it has missed both the trend line and the critical point, which was the most important thing, and it could take a dip towards $25,451.24.” All in a context of a double top figure with a bull trap.

On the 60-minute chart, the bearish signal will be to lose $41,297.40 and lose the trend line in the hourly close.

See this and other analyzes in the Professional Trading Service