We're @ an important junction for #BTC.
MAJOR SUPPORT is all over the current area.
The following charts show how
BTC
has reacted historically in the area.
2022 many tries but didn't break out
Eventually in 2023, after a few tries, it would break out.
It then acted as support in March & currently.
Going further back:
Dec 2020 was the only instance where it faced this area
It broke out and didn't look back.
BTC
sold off and bounced in May 2022.
However, next time it didn't even pause on the break down.
As mentioned before, #BTC couldn't break back above all of 2022.
The 24-25k area is VERY IMPORTANT for #Bitcoin
Back to NOW:
Intraday has some buying, need bounce SOON
MAJOR SUPPORT is all over the current area.
The following charts show how
BTC
has reacted historically in the area. 2022 many tries but didn't break out
Eventually in 2023, after a few tries, it would break out.
It then acted as support in March & currently.
Going further back:
Dec 2020 was the only instance where it faced this area
It broke out and didn't look back.
BTC
sold off and bounced in May 2022. However, next time it didn't even pause on the break down.
As mentioned before, #BTC couldn't break back above all of 2022.
The 24-25k area is VERY IMPORTANT for #Bitcoin
Back to NOW:
Intraday has some buying, need bounce SOON