BTC: Not all doom and gloom
Bitcoin / TetherUS BINANCE:BTCUSDT
Summary – The Upside:
Despite the turmoil, BTC has been holding steady and respecting support lines very well.
If it can break and stay above 39k , a mini-run to mid 40’s is possible – perhaps up to 47k .
What you’re seeing on the chart:
1. Blue lines = Action/Reaction
2. Red Downtrend Pitchfork
3. Counter trend Pitchforks
The Downside:
BTC below 34k opens the door for a low in the low/mid 20s depending on timing because the bottom support is a sloped line (not shown on chart). For example, if it were to bottom today, the low would be about 23k . If it were to bottom say a month from now, the low would be about 25k .
