Upon analyzing the Bitcoin chart within the daily time frame, it becomes evident that the price is currently undergoing a downward trend after breaching the areas of $26,900 and $26,500. Should the price maintain its position below the $26,500 mark, it is highly likely that a significant price decline will occur. In the event of such a decline, the initial target range would encompass $23,900 to $25,200, with a subsequent target of $20,000. The $20,000 level could potentially serve as a zone for a reversal in price direction, known as a Potential Reversal Zone (PRZ). Do you believe there is a possibility that the price will reach $20,000 within the next three weeks?
Please continue to follow my analysis and feel free to pose any inquiries you may have. I am here to assist you.
👤 FarmanBangashh : @frmnCapital
📅 20.05.2023
⚠️(DYOR) (NFA)
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
Please continue to follow my analysis and feel free to pose any inquiries you may have. I am here to assist you.
👤 FarmanBangashh : @frmnCapital
📅 20.05.2023
⚠️(DYOR) (NFA)
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.