Bitcoin has been pleased us with the price increase in recent days, but I thought there was little chance that the price would break through the resistance level of 30k. If she does, then the price of BTC will rise to 48k, judging by the past resistance level.
But it seems to me that the price will rather fly down. And I would like the price to fall to 8k, this is the level of a downtrend, but at the intersection with the level of Global support, a point at 8k is formed. Then we would have bought and the price of bitcoin could have already received an impulse to grow up to 48k, and maybe up to 70k.
Your analysis were making sense to me but when you mentioned 8k,I really thought it was a mistake, that maybe you wanted to say 18k. But when I read twice the 8k I understood it wasn't a mistake. I have to agree with you that if bitcoin breaks this resistance, we are going to the region of 40k but the otherwise is what I don't see happening
Let's see what will happen in the next few days.
There is already a support at 30k, there is a support around 25k and there's also a little support at 20k and a big support at the region of 15k. So, how did you analyze that all these supports would be broken to take bitcoin back to 8k? I tried to zoom the graph more to see where you were coming from but the picture was truncated.
When bitcoin was in the heart of the bear market, it didn't touch 8k, how much more now that green lights are seeing weeks and months. I think the 8k days of bitcoin has gone. Nobody can buy it that cheat anymore.