BTC Technical Analysis : As the chart illustrates above, we | O&N Crypto ® Official - News, Analysis and...

BTC Technical Analysis :

As the chart illustrates above, we are sitting on not only crucial but also quite a major support zone in terms of its price range. With the GTBC unlock commencing tomorrow, by zooming out on the Bitcoin daily chart in conjunction with factoring the fundamentals of tomorrow, we can get a better perspective on the market sentiment and price direction .

As we know the market is highly manipulated via whales in an attempt to spread FUD and get retail investors to believe that somehow 16,000 BTC is just going to waltz it way into the market, it shouldn’t come as a surprise if Bitcoin wicks deep down during this volatile period, our expected price prediction is between $30-$28k. A breakdown of the 30k region is expected during this.

As we have seen historically these dips are bought EXTREMELY quickly and we will be looking for long opportunities in the aftermath.