Bitcoin dropped down to 31k low from 41k high, around 10% loss. The falling is too slow compared to the previous big drop on May 13 and 19 where Elon Musk tweeted to suspend BTC as well as China banned payment in BTC where Bitcoin lost around 45%. Did it go lower below 30k? Good question.
Bitcoin touched the support level 31k third time. In my previous post on June 20th, 2021 Bitcoin Downward Scenario is updated. Now, I ain't see Bitcoin drops down below 30k. It seems very high support level, however, there is a lot of demand at 28k where Bitcoin recently lower price since January 2021. Even though the price was below 30k comparing to the previous drop from 64,8k to 30k where the loss was 45%, Loss on June 22th, 2021 is almost around 11% in 24h. Hopefully, the Bull cycle within 15 days is around us.
Previously, The Stochastic RSI(14) in 1h, 4h, daily, weekly timeframe confirm oversold zone. Hummer candlestick in 1h timeframe, bullish swallowing in 4h timeframe which can't interrupt my decision to buy and Bull sign.
When I checked out the Alts, such as LTC, BNB, ETH, EOS, BCH chart, they have the same updated as well as Bitcoin.
At the time of writing, #Bitcoin is around 32k from 28k momentum gained probably could form a reverse Head(28K), LS, RS(31K).
FUD? No way. I took my decision to buy at 31k, 32K in expecting 44k in half month.
Disclaimer: I am not a financial advisor. My contents are educational and respect humans being perspectives and decision-making.
Support my contents in:
BTC:17mfD8oTaH9tvKP6Y43N7QRrZjU6gArjvY.
BNB:bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23
ETH:0xc140ad630c24208071bc83ff4400f6d65cf4273a
Happy trade everyone
Fety Bernard Etienne on Crypto Focus.