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  • Writer's pictureCryptofool

Technically speaking: BTC short and midterm

As expected, the price made a valiant breakout. The major support line at 39K was broken. The next critical levels to watch :

  1. 36 -37K ( minor support)

  2. 29 - 30K (major support)

The next critical support line is at 29 - 30K level. If broken, we are going to see a major move down and a long crypto bear market ahead. I expect that price will rally from the support line but if the Ichimoku cloud confirms a down trend on a weekly chart, I wouldn’t expect any major upside reversals.

Buy BTC: Coinbase

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