I think the $6000 is a do or die level . It was the original origin that push price to $19k back in late 2017. Price also reacted to that level twice before...Feb and Apr. I also see the analysts talk about sub $6k levels, but price needs to get through $6k first.
I do expect price to bounce from this area because we have a level ($6850) on level ($6000) demand zone situation. 1st target being the origin of the drop yesterday ($7500).
What is your take on BTC? Will 6500 hold? If not, how about the Feb lows?
I see more analysts calling for much lower prices, sub $5k, even down to the $3k’s, but I am interested in your take.
I think the $6000 is a do or die level . It was the original origin that push price to $19k back in late 2017. Price also reacted to that level twice before...Feb and Apr. I also see the analysts talk about sub $6k levels, but price needs to get through $6k first.
I do expect price to bounce from this area because we have a level ($6850) on level ($6000) demand zone situation. 1st target being the origin of the drop yesterday ($7500).
Awesome thanks for the reply and good analysis.