๐ฅ Bitcoin's Most Important Support In 2023 Has Failed
As of yesterday, Bitcoin has fallen through the most important support/resistance level of 2023. This area was a massive resistance during both the late bear market of 2022 and the Q1 bull market of 2023.
In my view, it's more likely than not that the 2023 top is in and that we're going to see more bearish pressure for the remainder of 2023. Not sure yet if we're going to see new bear market lows, but 20,000 is definitely on the table.
Stocks are severely overbought and a correction is due. The interest rate decision has had a negative reception thus far (see analysis below), so BTC will likely sell off during this period.
Do you think the 2023 high is in? Share your thoughts ๐
In my view, it's more likely than not that the 2023 top is in and that we're going to see more bearish pressure for the remainder of 2023. Not sure yet if we're going to see new bear market lows, but 20,000 is definitely on the table.
Stocks are severely overbought and a correction is due. The interest rate decision has had a negative reception thus far (see analysis below), so BTC will likely sell off during this period.
Do you think the 2023 high is in? Share your thoughts ๐
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