Bitcoin (BTC): Dropped 14-15% from ATH(Possible Support Re-Test)

Bitcoin (BTC): Dropped 14-15% from ATH(Possible Support Re-Test)

Bitcoin (BTC): Dropped 14-15% from ATH(Possible Support Re-Test)

BTC/USDT Perpetual Contract BINGX:BTCUSDT.P
SwallowAcademy

Bitcoin is showing some signs of weakness where last week we had a full dominance of sellers taking over the ATHs zoen and price dumped around 14-15% since then.

The upcoming weekly candle will be an important one as we will see who will manage to maintain this zone, whether sellers will secure this zone and lead the price back to the local support zone (which would be an ideal zone to buy everything) or buyers will try to take back the dominance and lead the price back to ATH before the end of 2024.

We are looking more for that first scenario!!

Swallow Team

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