Hello traders,
you still remember my post and the chart from February 10, 2020 then we exactly started the bitcoin growth phase.
That graph showed the different resistances that bitcoin had to overcome. After 2.5 years, the price hit the old support from before 2018. Will the price now circulate on this huge support, or will it behave like 2 years ago, that before it starts another rally, it will check the support marked 2 years ago as resistance. The golden color is the strongest support ($ 9,860), the breakthrough of which will stop the increases from 2020, which is unlikely to happen! If the price stays on the old support, then we should watch the return within 30k.
As a decrease, I bet 16k and 13k as full corrections
It promises to be interesting, be careful, best regards
you still remember my post and the chart from February 10, 2020 then we exactly started the bitcoin growth phase.
That graph showed the different resistances that bitcoin had to overcome. After 2.5 years, the price hit the old support from before 2018. Will the price now circulate on this huge support, or will it behave like 2 years ago, that before it starts another rally, it will check the support marked 2 years ago as resistance. The golden color is the strongest support ($ 9,860), the breakthrough of which will stop the increases from 2020, which is unlikely to happen! If the price stays on the old support, then we should watch the return within 30k.
As a decrease, I bet 16k and 13k as full corrections
It promises to be interesting, be careful, best regards
The support I outlined at the turn of 2019 and 2020 confirms
support from the previous rally. It has been confirmed from above and below, so the coming months may bring us a repeat of 2021.
Next resistance can be expected between 34.5k and 35.5k.
Please follow my charts.
Regards