Hello colleagues!
Brief and important bitcoin announcement next week. In this update, we will discuss important levels, likely scenarios for bitcoin movement in the near future, earning potential and, of course, I will answer any questions received. I would like to remind you that the last bitcoin update was on 04/19/2023 in which I said:
Scenario 2. The price breaks the level of $28,600-$28,500 and consolidates below this level, which will lead to a fall in the price to $26,900-27,000.
So what are we seeing now?
The price broke through the $28,500 level and dropped to the $27,300-$26,964 range. At the moment, the price is at the middle line of the channel and at $27,000. Note that this level was a support zone for two weeks from April 18 to 29, after which the price topped out and made a new high of $31,000 in 2023. But now the situation is a little different, and I will tell you what to look for. so you know what to do and when to buy.
Pay attention to the price reduction from 03.03.23. The price also reached the top of the channel and then fell to the middle line of the channel, then the middle line of the channel was broken, resulting in a fall from $23,275 to $19,550, a 15% drop.
What will happen next?
The important level is $27,000. If the price breaks this level, it may repeat the move that occurred on March 3, which led to a drop of 15%. This is not a problem as the price will simply drop to the lower channel boundary at $23,000. This will be a defining moment for the entire cryptocurrency industry! Everyone will be interested in whether the price will hold at this level or not.
There are three possible scenarios for Bitcoin in the near future. We use our imagination, knowledge, experience and indicators!
- The price does not break the $27,000 level and reverses, starting to rise towards the top of the channel as shown on the chart, with the possibility of a new high and the important $32,000 level. Only after breaking through this level, we can say with confidence that a bullish trend has begun and the entire cryptocurrency market has begun to grow.
- The price breaks the $27,000 level and drops to $23,000, representing a 15% drop. Then we can say that Bitcoin repeated the March trick. After holding at $23,000, it will bounce and start to rise first to the middle channel line and then with an opportunity to rise to the $32,000 level.
- The price breaks the $27,000 level and drops to $23,000. It then fails to sustain at $23,000 and continues to decline first to $21,500 and then possibly to $19,000 and $16,000.
Thank you all for watching, if you want to know the news before everyone join us.
