Well, it is not so bad at all, some analysts say that the price can reach $ 35k, it is a support that can be achieved, however I stay with this analysis that they do in Cointelegraph:
You can see that the bulls are defending their positions, I would dare to say that they are putting very high sales walls.
On the contrary, a weak rebound will signal a lack of aggressive buying near the support line. If the price turns down from the current level or the 20-day EMA and breaks below the channel, the BTC/USDT pair could drop to $34,322 and later retest the critical support at $32,917.
If the price breaks above the resistance line of the wedge, the pair could pick up momentum and rally to $41,000. This level may again act as a resistance but if bulls clear this hurdle, the next stop could be $43,000.
Source:
https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-luna-near-vet-gmtI like the way the analyst can make the approach, however, some possible supports says under which the price can reach.
However, the approach he gives is not as Bearish as other articles that predict a strong fall.
In another order of ideas., I like and defend the S2F model under which its greatest strong is in the long term and I see that it is the most logic trend.
#bitcoin April close: $37,639
Twitter:
https://twitter.com/100trillionUSD/status/1520554625929293827I know that many are reducing the confidence of the model, but you must have enough patience to know that war events, pandemic affects speculative markets, Bitcoin is different, it has another way to move and I fervently believe that the best prediction descriptor that is sidewalk to reality is the S2F model.
