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TROJAN-FX-ARMY
Jul 1, 2021 11:53 AM

BTCUSD LONG-TERM BUY Long

Bitcoin / U.S. dollarBitstamp

Description

Waiting for a long term investment on Bitcoin once price gets to 19000 but we are bearing in mind that price might decide to bounce @ 23000 and take off without reaching 19000 which is a possibility, but 19000 is the strongest level which might stop this decline in the price of Bitcoin anything lower than that level Bitcoin's price might go further down to 9000 we sure hope not because that might really be bad for investors who were bullish after March of 2020 and never considered taking their profits.
Comments
cryptospawn
There is nothing but weak support between the current price and 11k. This is why bag-holding perma-bulls and hopefuls are desperately trying to shore up the price to keep it from falling into the 11k funnel. Once this 31k support line fails there is no telling where it will stop, but looking at your chart above it would prob be the 19k range. If this triggered a selloff then we can expect to see the price plummeting down to the 10-11k area. The 23k area is a weak support zone and if anything it's nothing more than a psychological zone. Price has never really made that area a home at all, so I wouldn't expect 23k to hold up long at all much less provide the ground for a hard bounce up and a new bull run.
TROJAN-FX-ARMY
@cryptospawn, Agreed let's see what happens!!!
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