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On the weekly chart above, a dark cloud formation was seen when last week’s candle engulfed the previous week’s candle. This is a potential bearish dominance signal, while the is still above 15434, I’m very optimistic that this crypto could plummet towards $10,000 or lower to $3543.00. On the way downwards, the key lines to look for include $15,000.00, $10,000.00 and $5000.00. If these lines are broken, then a decline towards $2000.00 is expected. Notice, it was after a gap towards 19,055.00 that Bitcoin sheded off, this crypo could as well rise towards $19,055.00 before eventually decline. If the price gets above $19055.00, then rise towards $50,000.00 is expected.
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