Taking into consideration the previous price drop from ATH in 2018 of approx 80% and price drop from ATH in 2020 of approx. 72%..... price might drop currently from ATH in 2021 of approx. 76% to $16315, and this scenario will be activated ONLY if price break the support level of $ 29893! But I think price will hit $29893 and start a new price bullish. I will start buying at this strong level. Only price breaking above $44800 will result in cancelation of this analysis.
Price failed to break above the 44k level, and current scenarios are still in place! BTC price failed to hold on to significant support at 29K... Currently, I see 3 significant supports that BTC might respect: 1st: 2018 ATH at 19k 2nd: Harmonic pattern at 16k 3rd: 2019 ATH at $13-14K... Looking at BTC's price behaviour in the past, the price did not seem broke previous ATHs, but keeping in mind current market sentiments and political surroundings I think the price will range between 19K & 13K for a while! (hopefully not!)
Price failed to break above the 44k level, and current scenarios are still in place!
BTC price failed to hold on to significant support at 29K...
Currently, I see 3 significant supports that BTC might respect:
1st: 2018 ATH at 19k
2nd: Harmonic pattern at 16k
3rd: 2019 ATH at $13-14K...
Looking at BTC's price behaviour in the past, the price did not seem broke previous ATHs, but keeping in mind current market sentiments and political surroundings I think the price will range between 19K & 13K for a while! (hopefully not!)