Post
Topic
Board Speculation
Re: Will Bitcoin hit 2022 low again?
by
btc_angela
on 12/10/2022, 21:21:43 UTC
Below all the moving averages, its less clear on a daily bar this is only 4hr but I find 4hr is high enough a time frame often to point to wider moves that might continue.   If Asia corrects us back above 19.5k in a few hours then consider it a false move but if it should snowball into a bigger sell then it looks bad.

Asia will be open or at least the traders will be waking up in the next couple of hours. Yes, for now it doesn't look good but we are still above $19k-$19,100. At least that is good enough sign that we will not go below that price again.

I guess the negative news about a hack on some altcoin platform really affected the price again to go below $20k. Nevertheless, a bounce back is imminent and so I don't think there will be a big sell off that will push the price. We just have to be patience and positive that we can recover to our biggest support of $20k.