Monday, June 8th, 2021, Bitcoin breaks out the 35k strong support level. Yesterday, I predicted that if BTC would break out 35k I was expecting 31k bear and 40k bull. As Bitcoin, does not follow its previous bull game season, it means to me that the bear market is just around me, because most of the time Bitcoin rises between 24th-10th, and makes a correction 14th-21th per month.
Bitcoin lost 44% in three months which is very fearful from April to June 2021 or a price of 64.8k high to 30k low. This 30k is still a strong support level so far. So, when #BTC can't go down below 30k it will consolidate overall 2 or three months to come and will rise to go to 40k. In case, 30k can't resist the downtrend, that means that the support will always be broken so the BEAR MARKET will tackle us.
Actually, Bitcoin price is around 32k which is below the 200 Moving Average in the daily time frame with the loss of 8% in the past 24h. This is the first time since the Bitcoin bull scenario began with the price of 3k around in March 2020 to April 2021 when BTC hit the ATH 64,8k.
In my own opinion, which is always not financial advice for your investment
Bitcoin (BTC) will continue to go down to 20k around the strong support of the year. Otherwise, El Salvador accepted The Cryptos payment system, Michael Saylor Bought more Bitcoin which is preparing the next Bull market to 100k. If Bitcoin will not reach 100k this year the next year to come will. Whatever the market does, when it will go up I will make a profit when it will go down I will collect more Sats as a newbie in Crypto investment and in trading.
What do you think of the Market, Will it go up and hit 100k or down to 20k that we were expected this year?