BITCOIN: about to make it or break it ? (comment)

Hello traders , here's my point of view about bitcoin. I'm not attached to any biais , I don't predict I just react. As you can see price is reaching a very strong level( 42.000) . This level is in confluence with the 200 daily ema , but also a demand level and a strong previous high. By other side we can see that we have a very strong AB=CD. I agree with the point of view of my trading partner that use the same kind of strategy + elliot wave ( link will be shared in the comment section) .

By other side , many other influencial people ( entrepreneurs ) are supporting bitcoin. Yesterday for example: Tech entrepreneur and Myspace cofounder Tom Anderson took to social media to share his reaction on the latest crypto market correction which pushed the price of bitcoin (BTC) below $43,000 on Monday. Cheering up worried and agitated crypto enthusiasts, Anderson tweeted “Buying The Dip” and attached a laser eye meme of himself.

Of course , If price break all this zone , yes BITCOIN can make a strong eventually reach 20k or less. by other side if this zone attract investors and we see some technical confirmation this zone can make the price bounce .

Let me know in the comment section what do you think about it , is bitcoin going to drop or bounce


🛑Disclaimer🛑:

The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice