BTC so far respected pitchfork levels in this weekly chart since 2021 always supported by the red median dotted line except the May 2021 30k crash which was stopped several times by the green line.
BTC again may find support again at this green line which may be anywhere b/w 38k to 40/42k zone. 40-42k is also the support area for the 2021 violet trendline.
Worst scenario: Breaking green line would send BTC to the lower pitchfork blue line at 30k, the LAST DEFENSE FOR BULLS.
JUST A FUNNY THOUGHT: BTC may be going back to 38k zone where ELON MUSK first tweeted 1.5B BTC & started the big rally. (Maybe he sold out)
This is just my analysis & not financial advice but if you like it pls follow & share.
BTC again may find support again at this green line which may be anywhere b/w 38k to 40/42k zone. 40-42k is also the support area for the 2021 violet trendline.
Worst scenario: Breaking green line would send BTC to the lower pitchfork blue line at 30k, the LAST DEFENSE FOR BULLS.
JUST A FUNNY THOUGHT: BTC may be going back to 38k zone where ELON MUSK first tweeted 1.5B BTC & started the big rally. (Maybe he sold out)
This is just my analysis & not financial advice but if you like it pls follow & share.