Terrible selling pressure on bitcoin

8 июн. 2021 г.

Bitcoin after my technical analysis on May 28th The 37700 support was broken but in the following sessions the cows managed to retake the area once again But again, high sales pressure pushed the region out of cattle support.Bitcoin then came out of the short-term uptrend And the bears entered the market more powerfully than before, pushing bitcoin closer to the 30K zone.Today we see the formation of Elliott Waves in the daily chart If you look at the chart above, you will notice that the Elliott Waves are pushing the price towards the 30K area.If, according to these analyzes, bitcoin enters the 30K zone or breaks that zone We can see the free fall of the Altcoins.
This is just a technical analysis.
This is not a financial recommendation.