It's been a while since I posted BTC Chart here on tv, there was probably nothing important. BTC was destined to hit 40k as per my last chart and it did. What's next? it's currently trading under the 40k accumulation zone. Bulls need to hold the blue support trendline. It's almost 395 days old. Any break and close below this blue trendline could result in a massive dump in the entire market (less likely but possible).
Bitcoin is on a thread tbh, Bounce is needed here with good volume. Most importantly a close above two important resistance levels: 46K and 53k for new ATH!
Lower Support levels are 40k 37k and 33k.
If you ask me what I think? A dump towards 37k to 39k and then a big green candle all the way to 46K+. That will probably be the decision time.
What's your thought on this? If you want me to post more of these charts, Do hit the like button and share your views in the comment section.
Thank you
#PEACE
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This is what I am looking at right now. We could hit a bit lower followed by some green days.
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Exactly as expected, Currently on the support right now. Tbh not looking that good! It needs to hold the support with green candles and good volume. If the support is lost things will get worse. For now, I’ll be waiting for some bullish divergences in the LTF charts. stay tuned
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