$BTC

While we thought it should rally up until the daily closing, Bitcoin shot a needle around 54400K with hard candles before the week's opening, pumping extreme anxiety and fear into the market. In the pictures, I adjusted the Fibo line again according to the projection levels coming from behind with this decline. If BTC breaks the trendline around 54500 and closes a 4-hour candle below, its target below will be around 52. If he wants to break the target around 52K and go down, this time his target will be 49-47K. Although it is rumored that the German Government is behind the sharp sales, my opinion is that it is the stock markets that brought the market down. I am aware that the price was deliberately lowered in order to get #BTC s from government sales at lower prices. I have said before that there are Stock Exchange owners who want to hold private talks with the German government this week. I hope they come to an agreement and it will be possible to compensate for the damage they have caused to the market. Otherwise, hard sales may continue to come and the entire alt coin market may continue to decline, led by #Bitcoin . You can see the lower support trendline and upper resistance prices in the pictures.