Bitcoin once again fails to breakout

in crypto •  2 years ago  (edited)

Bitcoin rejected at the downtrend line once again

If bitcoin can't break this downtrend it's likely to go much lower.

We have the lower support in the $18k area that is likely to revisted with the most recent rejection.

If that doesn't hold, it's look out below...

image.png

(Source: https://twitter.com/profit8lue/status/1580932232042057728/photo/1)

There is significant support in the $8k-$12k range should we lose that $18k support area.

It's much more fun when prices are going up!

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Upvoted! Thank you for supporting witness @jswit.

I know I sound like a broken record, but I say 12-15K is where we will bottom and I have thought this for a year now.

Nope, no broken record. You have been calling for that level for a long time now, and so far there hasn't been much in the way of saying you are wrong. One more major plunge is all it will take.