* Was in a down trend
* Has been in a potential bear flag from mid January 2022
* Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective.
* Key level of support being around the $30k mark
* The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area)
* Key areas of support to keep in mind if you're planning on shorting:
* $37.5k
* $34.3k
* $30k
* A break below $30k may send BTC to its measured objective of ~15k.
* Has been in a potential bear flag from mid January 2022
* Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective.
* Key level of support being around the $30k mark
* The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area)
* Key areas of support to keep in mind if you're planning on shorting:
* $37.5k
* $34.3k
* $30k
* A break below $30k may send BTC to its measured objective of ~15k.
