I'll just get to the point. Bitcoin is at a crucial level right now. It needs to close above the white trendline and break above the channel for bullish momentum. Breaking the 33k floor was bad for BTC. The chart looks simple and it seems 27k being the lower support zone for BTC It can get there. It is also the demand zone so far. We have seen multiple wicks showing buying momentum at those levels. The orange line shows what we can expect if this breakdown happens to be a fakeout. CLEARLY A NO TRADE ZONE FOR ME. I will be more than happy to buy BTC at lower levels. Always look at the big picture. BTC is poised to break 100k whether it is 2021, 2022, or 2023. It will eventually happen!
Break and close above 33k invalidates this chart.
What's your thought on this? Do share your views in the comment section and do not forget to hit the Like Button.