Bitcoin will see 24K THIS TIME!
Hi guys, According to the chart you can see that price couldn't cross 35K area after lower low on 22 June and this is a bad sign, why?
Because after Bitcoin's drop on 19 May we had a side way movement which every time after touching 30K support we had a move up to 40K area.
This time on 22 June we had a lower low and I personally expected to see a strong bullish trend which can cross 42K Resistance but the price did not even exceed 36K.
At this time I think 30K-28K support area is too weak to hold the price!
Note that: There is no definitive analysis, If Bitcoin can break out resistance trend line(See the chart), the followed analysis is invalid at this time!
Your Likes and Comments are the best Thanks you!
GOOD LUCK
Because after Bitcoin's drop on 19 May we had a side way movement which every time after touching 30K support we had a move up to 40K area.
This time on 22 June we had a lower low and I personally expected to see a strong bullish trend which can cross 42K Resistance but the price did not even exceed 36K.
At this time I think 30K-28K support area is too weak to hold the price!
Note that: There is no definitive analysis, If Bitcoin can break out resistance trend line(See the chart), the followed analysis is invalid at this time!
Your Likes and Comments are the best Thanks you!
GOOD LUCK
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