In the grim darkness of the short term future, there can only be DUMPS.
Ok, BITCOINUSDT has had one amazing run, but volume is too low at this top right now, we need more buying pressure or we are probably going back to the low 40k's so we can consolidate for a while longer.
40K could probably become a pretty strong area of support as the price has some psychological connotations, being so twice the ATH reached in late 2017 (20K).
It really has shown, that the 2017 top, could be left behind by a very wide margin and for quite a long period, we only were above 20K for a day in 2017, vs 60 days above 20K in 2021.
I'm not saying we are gonna dump back to 20K, I'm saying we are going to experience a pullback and a retest of 40K that was an area of resistance that needed 2 tries to break, which means it's probably going to be a pretty strong support once we hit from the opposite side.
Ok, BITCOINUSDT has had one amazing run, but volume is too low at this top right now, we need more buying pressure or we are probably going back to the low 40k's so we can consolidate for a while longer.
40K could probably become a pretty strong area of support as the price has some psychological connotations, being so twice the ATH reached in late 2017 (20K).
It really has shown, that the 2017 top, could be left behind by a very wide margin and for quite a long period, we only were above 20K for a day in 2017, vs 60 days above 20K in 2021.
I'm not saying we are gonna dump back to 20K, I'm saying we are going to experience a pullback and a retest of 40K that was an area of resistance that needed 2 tries to break, which means it's probably going to be a pretty strong support once we hit from the opposite side.