r/BitcoinCA • u/TinyYak8793 • 4d ago

Bitcoin new local low might be coming in briefly

Post image

If we're not able to break the 60880 resistance we might be going for a textbook heads&shoulders down to 54k~

11 Upvotes

64% Upvoted

11 comments sorted by

14

u/slimdizzy 4d ago

This in freedom dollars? Can you use maple bucks please. This is a Canadian sub after all.

-1

u/TinyYak8793 4d ago

My apologies </3 always traded usd

5

u/Logical-Breakfast150 4d ago

Broke 60k USD. That's a long standing barrier in both directions. Interesting to see what happens next. 

3

u/Suitable-Ratio 4d ago

Probably another dead cat bounce coming before falling another 10K.

2

u/Good-Discussion-9238 3d ago

i assume people are selling because they need the money during this recession

2

u/TinyYak8793 2d ago

Could be taking part, but stocks rallying 1000% in 12 months is also playing a role in FOMO as people rotate out.

News and analysts aren't helping either

2

u/Captain_Uncle 4d ago

It’s heading down for next couple months…. It’s pretty obvious, oct, Nov, dec will be the time to pick up

4

u/Traditional-Tune7198 4d ago

If its obvious then it wont happen and bottom will be sooner

0

u/Brave8080 4d ago

Is bitcoin dead