BTC Macro - Is $20,000 REALLY Likely?
$29,000/$30,000 is major support. If breached, expect $20,000. If THAT is breached, expect $12,000 or lower.
However, I am skeptical about the $20,000 level being potential support. Building support over a previous peak from 2017 could be a little far-fetched. I see that there was MORE resistance at the $12,000 level, and the break of that level led to the 2021 all-time-high. That seems like a logical level to target for support if not lower.
However, I am skeptical about the $20,000 level being potential support. Building support over a previous peak from 2017 could be a little far-fetched. I see that there was MORE resistance at the $12,000 level, and the break of that level led to the 2021 all-time-high. That seems like a logical level to target for support if not lower.
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