Major Support/Resistance Part 2.
Now see the secondary ATH's from 2021. In Oct. BTC tested this level as resistance/support. In November it retested it, it held with a bounce for 1 week, and failed to hold it on the 3rd and 4th of December 2021. And look what happened - a massive 22% drop in one day (although the daily close excluding the wick was closer to 8%).
This moment was really the beginning of the bear market, as BTC would continue in a downtrend thereafter.
So the question I pose is - What if BTC loses this level again, the level it is currently trying to hold as support?
This moment was really the beginning of the bear market, as BTC would continue in a downtrend thereafter.
So the question I pose is - What if BTC loses this level again, the level it is currently trying to hold as support?
Penafian
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