Bitcoin could fall to 30k and push towards the next local resistance @ 42k after breaking the major downtrend line.
We have seen multiple price rejections @ the 28-31k region. Very strong support here.
RSI channel can also see a breakout similar to July 2021
A break lower than the major support can push prices down to the lower 20's.
We will see how the market plays out.
We have seen multiple price rejections @ the 28-31k region. Very strong support here.
RSI channel can also see a breakout similar to July 2021
A break lower than the major support can push prices down to the lower 20's.
We will see how the market plays out.
Note
We just rejected from the downtrend resistance line, we can expect a re-test back at 35k. If that breaks, price can drop to the lower 30k's.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.