⚡ Don't panic! Long-term support is not broken
Updated
• Now many analysts say that the long-term support line on BTC is broken.
• Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation.
• I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price.
When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k.
Good luck guys!
• Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation.
• I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price.
When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k.
Good luck guys!
Note
For comparison: support is broken on BTC/USD
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