a ton of resistance to overcome over 19.5k. a likely possibility is if you scale back to 9/19/22 and look at the rising wedge its a suggestive downward move supporting the idea that there is a lot of downward pressure happening. everything else has sold off and had a dip except for bitcoin. i guess in my fantasy world i accept the possibility of a mini bull run up passed 20k but in order to do this i think we'll need a lot more buyers and the only place you find more buyers is lower price... a fast sharp drop down to 18k with a fast recovery would send this thing up. i dont see any reason for a whales to buy up large volume unless average retail joes have been buying up... i'd suspect though that a lot of their cash bags have been depleted at this point... a shakeout might get some of em to sell their bag causing an even deeper dip... this is the thought on fast dip fast recover... whales can average down their bags by shaking out and trading in a channel.
LeeGray
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@JamesRunningLongAbbe, I really like your view here. With the way price is at the moment it is a real possibility too. I think 19150 is massive support here. thanks for your comment....