Post
Topic
Board Speculation
Re: Bitcoin Chart - Is Bitcoin About to Break Down?
by
cryptomaniac_xxx
on 06/06/2021, 08:23:24 UTC


The first support is around 28800 which is the 50 week MA.


Quoting your posts so that the image will display.

We have been bearish in the last 6 weeks or so, and every time we try to break $40k barrier, it always failed. So that is a indication that in short term, we might be really on a bearish trend.

And regardless if the price goes below $30k or even $20k, then we can't really stop it from happening. But as far as bitcoin fundamentals is, for me it is still strong and I'm still seeing a good price long term.