Bitcoin’s Price Key Levels to Watch Big Swing Coming Soon 🔥🔥 High Alert🚨🚨
📸Bitcoin trades lower at $59,800 on concerns the US Government is preparing to sell the Bitcoins it seized during the Silk Road raid.
🚀Bitcoin needs to reclaim the 200-day moving MA at $62,432 to stabilise and open up a test of multi-week trend channel resistance near 70k.
🚨Aware that a sustained break below support at 53/50k would negate the bullish medium-term technical backdrop and warn that a deeper decline is underway.
💥Weaker bull volume from Oct23 to May24 for possible revisit to 38k, 48k? Price has been on the downside for weeks now, it’s okay we pick the last move before the change of direction.
⚠️⚠️We are expecting the price to move down cause we have price back to the resistance zone.
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#BTCDumpingByUS #BTCDumpComing #bigDumpComing #Marketsentimentstoday #MarketCrashAlert $BTC
