🚨 BITCOIN PRICE ANALYSIS

On March 5th, 2024, BTC dropped to 59,050 before going back and touching high levels. So it clearly became a sort of support line because, from back in March, it also retraced back to that line. Then, on May 1st and 2nd of this year, it again dropped, but this time the drop was strong enough to reach 56,500 and form another support zone. If we look back, it formed a support zone before making its first zone around the end of February, so we can say that it's clearly a strong support zone.

So, what happened yesterday? BTC dropped to 58,500 and formed another support zone with no previous support or backbone, just a random zone that retraced the prices, and BTC went up to 60,500. How is this possible? BTC has to reach 56,500 or near to it before going up. If it starts going back from that position, then the support is literally a castle made of wood that either catches fire or will be eaten by termites.

This is just information I provided. There is no prediction or financial advice, just information that I see and feel like sharing with you.

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