BTC: WILL MANAGE TO HOLD THIS LEGENDARY SUPPORT LINE??
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Welcome to this important weekly BTC update.
As 2022 is about to end, If you still manage to survive in this bear market and read this update then congrats you almost make it, and soon this bear market pain will be over.
We have been in a bear market for more than one year. And the biggest question of this year is "WHERE IS THE BOTTOM OF THIS BEAR MARKET?" So in this analysis, I'm trying to give you some hints and my thoughts regarding this.
As you see in the chart, we have a very crucial support line at around the $15k level. BTC manage to hold this trend line for the last 5 years. Every time price touched this trendline, we got a very good bounce. So there is a very high chance that history repeats this time also.
In the worst case, if we got any weekly close below $15k then be ready for a $10k-12k level but as long as we hold this legendary trendline support bottom is here.
What do you guys think about this?
Share your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this important weekly BTC update.
As 2022 is about to end, If you still manage to survive in this bear market and read this update then congrats you almost make it, and soon this bear market pain will be over.
We have been in a bear market for more than one year. And the biggest question of this year is "WHERE IS THE BOTTOM OF THIS BEAR MARKET?" So in this analysis, I'm trying to give you some hints and my thoughts regarding this.
As you see in the chart, we have a very crucial support line at around the $15k level. BTC manage to hold this trend line for the last 5 years. Every time price touched this trendline, we got a very good bounce. So there is a very high chance that history repeats this time also.
In the worst case, if we got any weekly close below $15k then be ready for a $10k-12k level but as long as we hold this legendary trendline support bottom is here.
What do you guys think about this?
Share your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
