Welcome to PipEze daily BTC report.
Yesterday’s sell off on the market pushed BTC price down to $47500. That was a move everybody should expect after reaching 50K. Short sellers always waiting for those situations because an extensive amount of market players withdraw part of initial investment. Price decline can continue to the level of $45000 as this is where support is placed. PipEze Price Movement Benchmark daily chart is forming curve just before entry point. It is an early indication of trend ending. Hourly chart confirming this observation as the signal line is starting to decline while trend line seats underneath 0 – the negative side of the indicator. We always discourage our members from entering market if the trend line of PMB is located on the negative side of indicator.
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