kiaZar

BTC broke 2 lines of support at once today like a strong BEAR !!

Short
kiaZar Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
As predicted with 70% prob in the last post, BTC broke to the downside with such a bear power, which broke 2 support lines at once. FOr the first time since nov 2022, it broke through the long term bullish channel, which is an evidence of the huge bear power. At the same time, it roke through the lower support/resistance channel. I interprete this is a huge bearish potential, which could bring BTC further down then previously predicted. IF we close daily candle outside the bullish channel, is going to be a huge confirmation long term. It remains excited :)
Comment:
We are on e corrective wave up which can fuel the price until 27200-27400 but then it will fall deeper, eventually until 25 100-25 500 easily. From there I would have a look again but imo BTC will at some point see 21k-ish for sure, if not deeper till 18k. This would be a very healthy correction for the rise in price afterwards. Let's see :)

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