BitcoinZaktualizowano BTC [Bitcoin] Technical Analysis - MAJOR decision area
BTC [Bitcoin] - MAJOR Decision Area.
After being sold off massively
in April, BTC started to form a
Head & Shoulders pattern into
late June. BTC has not shown a
lot of strength since the sell off.
It must hold above Support at 29160.
This is KEY!
If it breaks below 29160, there
could be a massive drop down towards
the Strong Support at 19,600 and even
back down towards the Major Support at 3,000.
Will be watching this area like a hawk.
After being sold off massively
in April, BTC started to form a
Head & Shoulders pattern into
late June. BTC has not shown a
lot of strength since the sell off.
It must hold above Support at 29160.
This is KEY!
If it breaks below 29160, there
could be a massive drop down towards
the Strong Support at 19,600 and even
back down towards the Major Support at 3,000.
Will be watching this area like a hawk.
Uwaga
It has been about 2 weeks since I posted this and BTC has been holding at this Major Decision area. That's a good sign. Will continue to monitor and see how things unfold.
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