📊 #BTC 1W Overview
So you guys still wondering where the heck is BTC going let me make it simpler to explain it to you. Here above chart shows we are already since there in a bear market in red region which was triggered at 34K levels. BTC is now at critical support level at 19.6k (Orange line)🟠 which is the ultimate support for now holding or losing changes the game here for bitcoin. Losing 19.5k will trigger 12k (yellow line)🟡 level of support cluster down below. BTC needs to hold this level otherwise more bloodbath in the market. If you are still a bull in this sharp drop and want to see upward targets BTC can hit refer to the dotted purple 🟣 25k 30k 41.7k 59k 64.7k 69.3k levels. Until then focus on support.
So you guys still wondering where the heck is BTC going let me make it simpler to explain it to you. Here above chart shows we are already since there in a bear market in red region which was triggered at 34K levels. BTC is now at critical support level at 19.6k (Orange line)🟠 which is the ultimate support for now holding or losing changes the game here for bitcoin. Losing 19.5k will trigger 12k (yellow line)🟡 level of support cluster down below. BTC needs to hold this level otherwise more bloodbath in the market. If you are still a bull in this sharp drop and want to see upward targets BTC can hit refer to the dotted purple 🟣 25k 30k 41.7k 59k 64.7k 69.3k levels. Until then focus on support.