#Bitcoin Update🔥
Technically, we are repeating the same movement as in 2017.
Bitcoin dropped by -84% from all time high from $19,799 to $3,159.
As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017.
This same setup is repeating itself. The current bear cycle started in November 2021. So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000.
Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Technically, we are repeating the same movement as in 2017.
Bitcoin dropped by -84% from all time high from $19,799 to $3,159.
As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017.
This same setup is repeating itself. The current bear cycle started in November 2021. So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000.
Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.