The BTC scenario to $5k they don't want you to see
Bitcoin is about to sit on its most crucial support trend = $7700 USD
From June 2019 to January 2020, BTC was moving within its downtrend tunnel
Although we broke it from January 2020 to March 2020, we are about to come back into it.
Worst case scenario: we'll touch the $5500 as it's the crucial support we have since we bottomed in December 2018 at 3k
Best case scenario: it's a false alarm and it's going to re-bounce on the downtrend tunnel
Probable case scenario: we're about to get back into the downtrend channel for some time before halving, then we'll get out of it like in January 2020
From June 2019 to January 2020, BTC was moving within its downtrend tunnel
Although we broke it from January 2020 to March 2020, we are about to come back into it.
Worst case scenario: we'll touch the $5500 as it's the crucial support we have since we bottomed in December 2018 at 3k
Best case scenario: it's a false alarm and it's going to re-bounce on the downtrend tunnel
Probable case scenario: we're about to get back into the downtrend channel for some time before halving, then we'll get out of it like in January 2020
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.