When will BTC fall below 60,000, when will it fall to the right position, and where will it fall to be the most appropriate?
In the early morning of April 13, BTC's big shorts took advantage of the impact of the war and directly smashed BTC below the 60-day moving average. Yesterday, the first batch of BTC ETFs in Hong Kong passed, which can be regarded as adding fuel to this bull market. Of course, adjustments should be made. If it falls to the right position, the K-line pattern will be repaired, and the next wave of bulls will be more stable.
The day before yesterday, the market fell to 60,660, which may give people a feeling that BTC will never fall below 60,000. I don't know if you have heard a saying that resistance levels will be broken if they are attacked for a long time, and support levels will be lost if they are defended for a long time. At this state, no one thinks that it will not fall below 60,000.
The 120-day moving average position of 55,000 must be visited. But there is another saying recently that the current form of BTC is similar to that in May 2021. Will this price continue to go down directly? ? ?
It has been exactly half a year since the bull market officially started in October last year. Then I pointed out the 180-day moving average and found that it will reach 50,000 in a few days. Will it fall to 50,000?
