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MonsterSloth
Dec 17, 2021 4:39 AM

Possible path of $BTC if break from this range.  

Bitcoin / U.S. dollarBitstamp

Description

If BTC breaks down here, I think it would be looking for the high liquidity area in the 37k-39K range. People tend to bid round numbers like 40k, but since it seems like everyone would have that same mentality, it would break through 40k before eventually carrying back on towards new ATHs mid Q1 2022... or it just shits itself back to ~20k lol

Comment

BTC bounced a little bit before i thought it may, trying to regain 50k. However, after failing to regain 50k it looks like sweeps down to 37k - 40k are more likely. I could see a bounce around 40k back up to try and regain 45k but then a drop (hopefully violent, so bounce has momentum) to ~37k. Need that bounce or it's down to Summer lows

Comment

Sweeps completed. Currently the Aug '21 would be the next level to sweep ~37.2k.

Sitting about $1500 above that right now. Best case would be quick, violent dump down there and hopefully it gets eaten up quickly. If no bounce there, 30k is probably next stop.
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