Bitcoin still under 20K this is not good. In order the bulls to stay intact is bitcoin need to stay above 21K and higher.. 20K and lower will keep the bears intact and fully controlled.
What surprised me was Joe Biden warned us that he send a stark to bitcoin and other cryptos after this $2 Trillion dollar Crash. So here what’s going to happen if bitcoin stayed 19K area we are still in a downtrend back drop to 17,600 area and make a short retrace .. if that didn’t happen and that major support breaks then most see down to 10K or maybe 12K
The theory possible bottom is 9960 area
The most likely bottom is around 12500 area or down to 10200 area. Those big 3 has stronger support floors to help the bulls intact for control. Officially we are still in Crypto Winter.. in order for it to be over this is what the Feds should do.. reduce the inflation and the high rate hikes.
What surprised me was Joe Biden warned us that he send a stark to bitcoin and other cryptos after this $2 Trillion dollar Crash. So here what’s going to happen if bitcoin stayed 19K area we are still in a downtrend back drop to 17,600 area and make a short retrace .. if that didn’t happen and that major support breaks then most see down to 10K or maybe 12K
The theory possible bottom is 9960 area
The most likely bottom is around 12500 area or down to 10200 area. Those big 3 has stronger support floors to help the bulls intact for control. Officially we are still in Crypto Winter.. in order for it to be over this is what the Feds should do.. reduce the inflation and the high rate hikes.