The experts are seeing two possible directions:
- If the 35.500 will be broken, the price could go down to 34.500, 32.100 and maybe 22.500. The whales are pushing hard towards these level where they want to buy.
- If 35.500 will hold, we have next resistance at 36.600 and 39.500 next and a tough resistance around 41.500-42.000
It is quite clear that we will not see a new ATH very soon, not until autumn at least, since the volume is low, whales want lower prices, people are going into vacations and millennials are not blocked at home in lock-downs buying crypto.
The whales succeeded in their operation to sell high-buy low by taking out of the market the paper hand, but the worst thing they did through aggressive selling, manipulation and FUD-s was destroying the trust in this beautiful crypto world, which is the financial and technological future of our world. With the Fear and Greed Index currently at 15 – Extreme Fear, not too many people want to invest in crypto and this is a pity with lots of coins belonging to projects with high potential being at 20-50% of their former price. Most probably the best ones will recover and record new ATH-es until next bear market but still what the whales and Elon Musk did in their race for more money on the expense of normal people losing their investments is unpardonable. I hope they will pay for this somehow.
Until we see the market recovering take care at your trades, have trust in the future of the crypto world, invest in the best projects and do not panic sell, selling good coins at a loss is just enriching the whales. Happy trading and investing!
One comment on “Bitcoin next moves?”
I needed to thank you for this great read!! I absolutely enjoyed every little bit of it. I have you bookmarked to check out new stuff you postÖ