🔥 Bitcoin Lost HUGE Daily Support: Beginning Of The End

22 Jan 2024

In my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far.

Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support.

In case BTC doesn't reverse from here, we're going to see a major daily support around 41.2k broken for the first time since early December.

This looks bearish. Seems to me that the break of 40k is a matter of time. Could be either today or in the next few days. We're likely seeing the start of some kind of major sell-off that will occur over the next few weeks.

Time will tell.

23 Jan 2024

Nota

As expected.