In the final, Bitcoin (BTC) crossed the key support zone, which rises around $ 30,000. At first I thought it was just typical shakeout. Yesterday I also managed to update that it doesn’t look very good when it was published inflation for duben.
The market went awry again for a few hours, but by evening the whole situation had broken down again. And in the late hours of the evening, it was obvious that something was really bad enough. The market is simply doing exactly the same as it did last May. Exactly the same.
Otherwise, definitely come on today stream, which takes place today at 19:00. We will definitely be dragging today. Respectively, I will definitely sacrifice at least 90 minutes for that. So there will be plenty of room for your questions. We mainly summarize the exchange rate development from the last two years in order to have a complete picture of what is actually going on in the market. See. attached chart as a taste of what we will address.
Current situation at 1D BTC / USD
So bitcoin broke that $ 30,000, probably definitely. Respectively, it is logical to count on testing the former support zone, which will make it a resistance. This is very likely to happen in a few days.
Anyway, as I said, last night you knew something was wrong. The defense was there, a pair of 4H candles appeared in the form of a Pin bar, but subsequently it died down anyway. In short, the same development as in May of the previous year. The decline is as steep as possible, there are only miniature corrections. However, these growths are almost immediately reversed.
As for the individual candles on the daily chart, they are logically all terribly bearish. Not the slightest hint of a more proactive reflection effort. It’s really misery. The weekly candle looks completely tragic, which we will show on the stream in the evening. If the candle closes in this form, know that we may give the $ 20,000 much earlier than we originally expected.
The joke is that there isn’t much support between $ 30,000 and $ 20,000. Around the level of 27,000 USD, there is such a miniature support, where the decline has slowed down at the moment. It’s stronger up to $ 23,000, but that’s not much either. Mini island in the middle of the sea. By that I mean that the level is a suitable candidate to start a retracement or pullback to $ 30,000.
Of course, the volumes are still maximum. For three consecutive days, more bitcoins have been traded than in the last few weeks. We are in a seriously extreme situation where drastic downward price movements are confirmed by volumes.
In conclusion
I have a lot on my mind, but I don’t want to stretch today’s textual analysis when I know we have a lot more time in the evening. Therefore, we will analyze the whole situation much more thoroughly on the announced stream.
ATTENTION: No data in the video is an investment board. The analysis does not try to predict future price developments. It serves exclusively as educational content on how to approach the market. Before you invest, do your own research and analysis, you always trade at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!
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