I think many bought at the 200 WMA around $22222 and many are buying the $20K wall. However it looks like the wall is getting eaten and most likely in the next 24-48 hours it might break.
If we close on Sunday under the 200WMA it will mean that the technical signal is no longer reliable. The next 72 hours are very critical.
Tomorrow will be a huge day due to the stock option expiry and will provide lots of volatility.
True, and speaking of options expiration, bitcoin future will have it's last trade June 24 and then settlement in June 27.
So along the way as what previous data shows, we might see price going lower and maybe it will go below $20k. So regardless of what the TA is pointing, there could be no validation and yes, no longer reliable. So I'm still expecting worst, I thought that June might be a good month for us, but it seems we don't have any respite from the bears.