The long term trend line so far has been a strong rejection zone. watching for a bear trend continuation or a bullish break out.
If we continue down my thoughts are a decent bounce at 28K.
However will it consolidate around that price range bouncing until next halving aprox March 2024?
If we drop lower than 28K then my belief is the absolute floor for the bear season will be 22,500.
Of course this is if the big institutions don't sell, Grey Scale Micro Strategies, ECT.
Time will tell.
Good luck fellow traders & hodlers
If we continue down my thoughts are a decent bounce at 28K.
However will it consolidate around that price range bouncing until next halving aprox March 2024?
If we drop lower than 28K then my belief is the absolute floor for the bear season will be 22,500.
Of course this is if the big institutions don't sell, Grey Scale Micro Strategies, ECT.
Time will tell.
Good luck fellow traders & hodlers