Post
Topic
Board Speculation
Re: Correction from $30K: Reason to worry?
by
taufik123
on 20/04/2023, 07:06:50 UTC
I also don't think that will happen. Bitcoin will still correct this year as we are still in the bear season, and $25k is also a support level that I believe bitcoin can touch but cannot be broken. If anyone wants to accumulate, then 20k$ is a better price but 25k$ is not too bad and still better profitable than 30k$ or 40k$.
It will definitely be corrected, the price of Bitcoin is quite saturated after breaking through $30k.
Several corrections occurred and are currently touching the $28k price area again.
It is possible that this correction will continue if accompanied by bad news that appears about Bitcoin.



On the 1D Time Frame, the highest Bitcoin resistance target that is still not broken is around the price of $32k and it will touch the Bullish resistance point.
But it seems that m still continues to correct and if the Uptrend Console line is successfully broken it will go to the price of $25k which is the Flip Trend line.
That will determine whether Bitcoin will be bearish or bounce back.

The $20k price area still seems to be a strong support area at the moment.