Current Market Conditions are: Neutral
The long-term, major support levels for BTC hold, but for how long?
Major Support Levels: 35-39k
If BTC breaks below 35k, we will most likely shift back into a bear market.
19k is anticipated with further breakdown as a potential bottom.
If BTC holds current support, we may see a break-out to 40+k, which may be sustained.
This makes current levels a good but scary time to invest long-term.
Watch for geopolitical concerns and economic issues dragging the world economy down.
Anticipate fresh moves for Spring 2022. 100k per coin could still be in the cards.
The long-term, major support levels for BTC hold, but for how long?
Major Support Levels: 35-39k
If BTC breaks below 35k, we will most likely shift back into a bear market.
19k is anticipated with further breakdown as a potential bottom.
If BTC holds current support, we may see a break-out to 40+k, which may be sustained.
This makes current levels a good but scary time to invest long-term.
Watch for geopolitical concerns and economic issues dragging the world economy down.
Anticipate fresh moves for Spring 2022. 100k per coin could still be in the cards.