sebblmao

sebblmao

Bitcoin has continually crashed throughout the past few weeks and is becoming increasingly oversold. Therefore people must begin to start buying again which could then meet some resistance from the downtrend line before creating a double bottom and potentially breaking out back into a very bullish market.

sebblmao

Due to Bitcoin further crashing way below the previous $28k-$30k support price I now think this could be Bitcoin's potential trajectory for the future. I still think that the market will become very bullish again in late July/August and it will begin to go back up to a potential all time high eventually dues to how many more people are investing into the crypto market.

sebblmao

This is my prediction of what Bitcoin's potential trajectory could be. Last year we saw almost an identical situation happening where Bitcoin then skyrocketed in price so the same could happen here again.