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ImThour
Jun 17, 2022 10:00 PM

Bitcoin Monthly Analysis and Supports 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin Monthly is about to close below support trendline which means, it will fall towards one of these support zones.

Only time will tell, which one of these will be able to hold the falling knife and start another bull run.

Let me know in the comments what do you think about this idea.
Comments
cure4virus
balanandreitdr
@cure4virus, in your dreams
SecretSocietyCharts1
They key levels now are 9k and 2.2k
cure4virus
No bull run this time for Long Long time. Winter is here. The cryptowinter.
Kushman187
We are going to start the next bull run in july or August at the latest imo. BTC repeats itself amazingly well,I think Biden not being able to spend anymore combined with.75 increase in fed rate will cause inflation to decrease a a few pts next month. This will cause BTC/Nasdaq 100 to bounce upwards, because many will buy as soon as inflation goes down. Let me know if you agree or disagree. Thanks
cure4virus
@Kushman187, After 3 or 4 strong falls of Bitcoin on rate increases by the FED - the last such fall on rate hike was just 2 days ago, and you still think that
Institutional investors will risk their funds on risk-asset when simple treasuries yield is excellent?? Well, keep on believing - just watch Microstrategies stock burn and crash, they too invested in the Sh!tcoin.
Kushman187
@cure4virus, This is normal every 4 yrs,ppl like you will say btc is doomed only for it to bounce harder than before.
eklogite
@Kusman187 I agree with you.
these people don't own Bitcoin or want to buy at lower prices.
cure4virus
Excellent clear assessment of the outcomes. Thank you
ImThour
@cure4virus, Thanks mate! Stay informed, save your capital. :)
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