Bitcoin Going to 19K

١٨ يونيو ٢٠٢١

By extrapolating the height of the rectangle that has now formed on the downtrend, we can expect the price to drop to the area of 19K. If that fall does happen, I'm not expecting it to be immediate, as there are various support levels that will need to be broken along the way, such as the one at 25K.

Whether a drop that low happens or not, one thing being pointed by various indicators is that we are still in the bear phase and a price decrease is expected.