Not financial advice.
With Bitcoin continuing to trend downward, there are additional buy levels in sight. A bear trap is also within reason, but with macroeconomic headwinds it seems unlikely to bounce much higher than $30K in my opinion.
Looking at the Bitcoin market cycles in particular, the levels in teal could serve as support and prime buying opportunities for the long run (5 to 30 years).
It is possible for Bitcoin to come down to support at the $12K range. These are levels seen before the 2020 bull run.
Happy trading, y'all!
With Bitcoin continuing to trend downward, there are additional buy levels in sight. A bear trap is also within reason, but with macroeconomic headwinds it seems unlikely to bounce much higher than $30K in my opinion.
Looking at the Bitcoin market cycles in particular, the levels in teal could serve as support and prime buying opportunities for the long run (5 to 30 years).
It is possible for Bitcoin to come down to support at the $12K range. These are levels seen before the 2020 bull run.
Happy trading, y'all!