That rock bottom horizontal line seems to show the support is very strong at 38.5k - backed up by my previous post re fib retracement & oscillators.
In terms of what the future holds, it does appear to be a repeat from this time last month - in my opinion, the third week of the month will usually be a bear market as the pay check wears off= more sell orders.
In the long run, I'm bullish because there's a lot of institutional investors inc Tesla who are fully invested in BTC. A BTC crash would result in a Stock crash of those institutions, the manipulators will not allow it!
In terms of what the future holds, it does appear to be a repeat from this time last month - in my opinion, the third week of the month will usually be a bear market as the pay check wears off= more sell orders.
In the long run, I'm bullish because there's a lot of institutional investors inc Tesla who are fully invested in BTC. A BTC crash would result in a Stock crash of those institutions, the manipulators will not allow it!