BTCUSDT has dropped around 40% from its peak value since April 2021. Currently trading sideway with a range of 30k-40k USDT. Looking at large sell volume, the support area of 30k-32k might soon be tested again, a failure for the support to hold might see BTC heading to 20-24k area. This analysi is my personal opinion, never in any manner intended to be in a...
Until the previous rally breaks 30000USD level successfully, Bitcoin seem to be heading downwards. With higher selling volume seen in every reaction, the big holders are potentially distributing their holdings. Potential support area to be tested around 27000-28000 The opinion is a personal opinion, for academic purpose only. Never in anyway meant as a buy...