Bitcoin Price Touched the First Support Line in June
Bitcoin price went down from 72K to 61K in June. While going down, Bitcoin price has not met any support line. Here you can see daily chart of Bitcoin and I shared this draft a few weeks ago. Bitcoin price broke down support line while most of investors were waiting to see all time high and Bitcoin price went down slowly but everyday..
There is descending channel seemed on Bitcoin price chart. The middle line of this channel is support for Bitcoin price chart. We may see Bitcoin price supported in a few days by this line.
2nd support line is in 52K. It is the bottom line of descending channel. Bitcoin price may go down to touch this support line next month!
Here you can see weekly chart of Bitcoin. Bitcoin price is under the middle line of Bollinger Bands. The next stop is the bottom line of Bollinger Bands. It is in 52K USD. The bottom line of descending channel and the bottom line of Bollinger Bands in weekly chart are at the same level.
So, It is so possible to see the touch to 52K USD. You can see the similarities between past and now. I drew the arrows to show you. You can see what happened after going down the middle line of Bollinger Bands.
52K USD is so possible to see. I am waiting with my cash to see 52K. We will see a dead cat bounce in a few days and Bitcoin price may go down after dead cat.
We will see...
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Congratulations, your post has been upvoted by @upex with a 0.43% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
For the past few days, the world of bitcoin have really been bleeding massively and I am so sure we might still be heading for some massive dip but well let's see how it goes
I am always looking forward to your market analysis, have a great week.