What a truly depressing year it has been for crypto. Oh well, I've thought for a long time that we missed the correction at 10K and that we would pay for it, and we are, big time. Among other large factors of course.
Anyway, I dusted off this old chart that I hoped I would never have to use again showing strong support zones. Support zone 1 held really strong for a while. I want to commend the bulls for all their hard work. But recently the sell pressure was too strong and we blew through that zone. Now the price is testing the bottom of support zone 2. If that fails I believe we are going back to the fabled 3K.
Stay safe people. Stay strong. This is not the end, but the beggining.