BTC bull run at $23,000
BTC bearish scenario is confirmed with the expectations of whales and institutions to sell their BTCs since they have moved bitcoins into exchanges. No one would move his bitcoins into an exchange unless he is planning to sell.
MACD on the daily timeframe has confirmed selling
Price is below the 200EMA
BTC now is at support zone ranging between 33K-31K
A clear price action short position on the daily timeframe has confirmed the selling pressure on June 21st, 2021
The next support level would be at $28,850 which is expected to bounce the price a little bit back to the previous resistance area which would send back the btc to a fresh support zone at 24K-22K
From there, we expect the price to bounce back to 44K meeting the fresh supply zone once again
MACD on the daily timeframe has confirmed selling
Price is below the 200EMA
BTC now is at support zone ranging between 33K-31K
A clear price action short position on the daily timeframe has confirmed the selling pressure on June 21st, 2021
The next support level would be at $28,850 which is expected to bounce the price a little bit back to the previous resistance area which would send back the btc to a fresh support zone at 24K-22K
From there, we expect the price to bounce back to 44K meeting the fresh supply zone once again
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