BTC Nearing Long Term Price Support

2022年5月15日

BTCUSD has made significant progress towards completing the long term price pattern.
Our expectation is to see ~ 23.6k as an ideal price target, in a support zone of 22.4-24.2k, before putting in a significant bottom to complete the corrective price action that started in April 2021.

2022年6月8日

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Price has continued consolidating since our last update, coming close to testing our resistance level around 32.6k. We continue to believe this consolidation will ultimately resolve lower to test the support zone below.

2022年6月13日

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BTCUSD has broken below the May 12th low as expected. We still like 24,150-22,400 as a long support zone, and think 23.6k could be a significant price level where a low could occur.