Bitcoin once again fails to breakout

in #crypto2 years ago (edited)

Bitcoin rejected at the downtrend line once again

If bitcoin can't break this downtrend it's likely to go much lower.

We have the lower support in the $18k area that is likely to revisted with the most recent rejection.

If that doesn't hold, it's look out below...

image.png

(Source: https://twitter.com/profit8lue/status/1580932232042057728/photo/1)

There is significant support in the $8k-$12k range should we lose that $18k support area.

It's much more fun when prices are going up!

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Upvoted! Thank you for supporting witness @jswit.

I know I sound like a broken record, but I say 12-15K is where we will bottom and I have thought this for a year now.

Nope, no broken record. You have been calling for that level for a long time now, and so far there hasn't been much in the way of saying you are wrong. One more major plunge is all it will take.

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