Fact: Bitcoin was rejected by $39,500 (Our previous resistance target), less than an hour ago, bitcoin also broke the key support at $36500 which indicates BTC is in fact still in a bearish trend!
As mentioned in my previous post, once bitcoin broke the 36.5k key support, we will likely see it continue heading south to the next stop at around $32.5k. Here comes the scary part, I do not see much support for any price under 32.5k!
While some people think bitcoin may make its final stop in between 28 or 29k. From what I see, bitcoin had already visited those stops before. In that case, I think we may see 24-25k. But always keep in mind that there is a chance for BTC to re-test its 2018 ATH between 18-19k, Not only that, there is 2018 Fakeout (14k) in the chart.
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