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Simon Squibb: Sales education is essential for entrepreneurs, why the first million is a crucial milestone, and the power of personal connections in fundraising | 20VC One of the most influential insiders in Bitcoin and global crypto markets: Bitcoin has likely hit its bottom, why diverse perspectives are crucial for investment success, and the barriers of privacy in crypto payments | The Wolf Of All Streets Memecore [M] fades from $1.60 peak – But THESE 2 metrics suggest… Parker White: Bitcoin’s price drop linked to derivatives growth, stress in the IBIT options market, and the hybrid nature of crypto funds | Unchained

Trading View May 10, 2022

Bitcoin- 30k target hit, what's next?

Bitcoin- 30k target hit, what's next?

Bitcoin- 30k target hit, what's next?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Mihai_Iacob

Last week I said that Bitcoin could drop hard and reach 30k soon and yesterday the price reached this target.
The big question is now what?
Looking at the daily posted chart we can see that the trend is grossly bearish and Bitcoin could easily drop under 30k.
My idea remains unchanged, sell rallies and a expect BtcUsd to drop under 30k support
The next important support is around 20k and for a more optimistic view the price should pass above 37k

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