Bitcoin "Freefall"

[Overnight]

I'd say price says, not uniroyal. Seriously?

It spoke, and we went +$50,000 a few days ago. BAM.

 

[SunTrader]

It spoke, and we went +$50,000 a few days ago. BAM.

It yes, buyers and sellers it. Which price reflects all the time.

 

[OptionsOptionsOptions]

Not looking good. Based on Yahoo Finance 1-year BTC chart:

• Support level #1: $43,208.
• Support level #2: $31,800
• Support level #3: $23,477

As BTC hits each level then there will be lots of selling pressure to the next level.

If BTC hits $43,208 next support level is $31,000.

 

[Overnight]

It yes, buyers and sellers it. Which price reflects all the time.

lol. Do they all float?

 

[SunTrader]

lol. Do they all float?

What? Float?

 

[Overnight]

What? Float?

It

 

[OptionsOptionsOptions]

All 4 key BTC charts look very bad.

• 5-day chart
  
• 1-month chart
  
• 6-month chart
• 1-year chart

2022 might be a rough year for BTC. Could go below $28,000 based on the 1-year chart.

 

[johnarb]

All 4 key BTC charts look very bad.

• 5-day chart
  
• 1-month chart
  
• 6-month chart
• 1-year chart

2022 might be a rough year for BTC. Could go below $28,000 based on the 1-year chart.

Interesting... Are you putting a trade based on this analysis?

My on-chain analysis subscription is still very bullish on BTC

I've re-allocated my crypto portfolio to go out further in the risk curve and thinking of doing more

 

[OptionsOptionsOptions]

• Lets hope Musk doesn't tweet anything related to BTC.
• Any erroneous tweet at this time will push BTC over the edge.

IMO ..... A very slight risk ..... but still a possibility.

• TSLA still has over $1 billion in BTC.
• If Musk tweets about them cutting back on their holdings that could put more selling pressure on BTC.

Once again ....A very slight risk ..... but still a possibility.

 

[nooby_mcnoob]

No one wants Bitcoin, the original shitcoin.