Strictly Price Action Analysis!
BTC has been trending downward since Dec. 2021 dropping to 30k area of support and holding for the past few days. BTC may pullback to 40-50K area to test that area of resistance and if sustained as resistance we may see BTC drop to the 20k support area. Since BTC broke 20k in Dec. of 2020 that area has not been tested as true support which causes me to believe that we are headed back down to 20K. In Price Action we know that price always comes back to test areas of support and resistance that has been broken. If it does go back to 20k this will present a great Buy opportunity for myself and I will become aggressively long in BTC.
BTC has been trending downward since Dec. 2021 dropping to 30k area of support and holding for the past few days. BTC may pullback to 40-50K area to test that area of resistance and if sustained as resistance we may see BTC drop to the 20k support area. Since BTC broke 20k in Dec. of 2020 that area has not been tested as true support which causes me to believe that we are headed back down to 20K. In Price Action we know that price always comes back to test areas of support and resistance that has been broken. If it does go back to 20k this will present a great Buy opportunity for myself and I will become aggressively long in BTC.
