The price, after the first stronger decline, returned to test the resistance at the 30000 level and inevitably returned from there.
The minimum downside target has changed, as TENKAN W1 has been made closer, so it is worth assuming that the price will encounter its next problem at the old lows; around $26500 and $25000 (old peaks).
A break through 23000 (KIJUN W1) could be a sign of preparing to attack the November 2022 lows.
The minimum downside target has changed, as TENKAN W1 has been made closer, so it is worth assuming that the price will encounter its next problem at the old lows; around $26500 and $25000 (old peaks).
A break through 23000 (KIJUN W1) could be a sign of preparing to attack the November 2022 lows.
Comment:
It seems like BTC is going to break SUPPORT and go for a MAIN SUPPORT. If the D1 candle close below SUPPORT, it'll be confirmation of that scenario.
Comment:
Chances that BTC will drop to 25000 and then 23000 starts to grow.
If the 23000 level will not hold the price, BTC can dip to 16k.
If the 23000 level will not hold the price, BTC can dip to 16k.
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