#bitcoin #btc why I say $39k is key.
As you can see both these moves are almost identical. If 
39K can hold this could be used as a platform to move upwards (essentially 
52K down to 39K would have been the correction leg). However if we lose 39K then we should see 29k. If so take a look at the chart 'Year to date' (YTD). You'll notice it would have cleared formed a lower high (assuming we lose 39K). My assumption is we will then start to form a descending triangle (YTD). Before breaking down to 20k. If you follow me on CT I'll share an image in the comments of how I believe it will play out.
39K can hold this could be used as a platform to move upwards (essentially 52K down to 39K would have been the correction leg). However if we lose 39K then we should see 29k. If so take a look at the chart 'Year to date' (YTD). You'll notice it would have cleared formed a lower high (assuming we lose 39K). My assumption is we will then start to form a descending triangle (YTD). Before breaking down to 20k. If you follow me on CT I'll share an image in the comments of how I believe it will play out.
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