On April 16th GMTT reported that Bitcoin was trading in a tight range, and that Bitcoin elects a sell signal below BTC/USD 60400.
When the sell signal was elected we gave different lower targets and the last one was given last Wednesday, which was a downside target of 47688.
That target was reached this morning, just in a couple of days Bitcoin lost over 20% off its value in just a few trading days!
The short term range for Bitcoin is wide: 43604 – 52175.
Traders that are short the Bitcoin should use our suggested buy stop at 52900.
Have a successful day and an amazing weekend!!
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Bitcoin April 23 2021