Approfondimenti di Bitcoin Teknik(@sahinadm)

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Bitcoin Teknik

@sahinadm

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A small Downward Wave

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What's Next for Bitcoin

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Hello. As #Bitcoin continues to decline, I felt the need to provide a brief update because the situation is serious. I mentioned this last week and before, and since the situation continues, a new update is necessary. The SELL position continues on the weekly chart. If you remember, I pointed out the 64 and 61 levels and said that the weekly chart looked terrible. The colors were green, but with the slightest downward movement, they would turn red. That’s exactly what happened. Look at the chart. The same situation is present on the daily chart; however, it is trying to stay above $58,354. It is currently going through a very critical decision period. Due to the selling pressure from the weekly chart, it will most likely fail and fall below 58. Below, there are levels at 52, 48, 42, 34, and 32. In recent days, it tested the $52,640 level and even saw the 49s, but it couldn’t break this support downward. It will try again. If the break happens this time, $42,000 and $34,800 will become important. Especially $42,000 has always been important. If you remember, I always mentioned this level. The supports at $52,640 and $48,216 are strong. It is expected to move upwards from these levels. This decision is made by looking at the monthly chart, and if the decision is a decline, $42,000 is definitely the upward reversal level. If $42,000 is permanently broken downwards, #Bitcoin will be forgotten for a while, and ways to collect it cheaply will be sought. Levels could be 34, 32, 29, 28, and even 23. It either won’t come here or will quickly recover and go up. These are excellent buying places. Here is a strategic support-resistance list for you. The money is yours, the decision is yours. Good luck.

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