Quote from: SFR10 on June 21, 2021, 01:50:59 PM

Quote from: sgbett on June 20, 2021, 02:17:24 PM

I think the question now is where BTC finds support.

Last week, I thought it'll be around the $35k mark for at least a couple of weeks but I was wrong and based on recent events, I think we're going to see the support level at around $27^[ish]k.
^{- FYI: I have no doubts it'll reach the $100k mark someday but it's not going to happen in a year or two ^{[probably in 2024 - next halving]}.}

So far soo good on the $27ish call - bounced off around $28,5 which is close enough in my book. Seems to be trading sideways for now. I really can't make any kind of call at this point is so hard to tell.

The head and shoulders patter is still in play, which would dictate further downwards momentum, however declining volume could point towards momentum dwindling, opening the door for another up-trend. I would hate to be a trader right now