Some Of Investors Are Scared That (BTC/USD) Bitcoin Price Will Fall Below $20K.... Bitcoin 2022 Roadmap to $19k & $16k
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#Bitcoin Update🔥
Technically, we are repeating the same movement as in 2017.
Bitcoin dropped by -84% from all time high from $19,799 to $3,159.
As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017.
This same setup is repeating itself. The current bear cycle started in November 2021. So far, Bitcoin has dropped by -58% from all time highs at $68,996 to $29,000.
Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000.
Not a financial advice🙅ðŸ¼â™‚ï¸
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Read more: Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar| FXMAG.COM
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https://www.tradingview.com/chart/BTCUSDT/PJoZplyZ-Bitcoin-2022-Roadmap-to-19k-16k/
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