BTC - Where is it heading

2021年5月20日

BTC broke the support of $42,000 area which was a crucial support zone. Once this zone was broken, there was absolutely no support till $30,000 which led to a drop of BTC till that zone. For BTC to continue the bullish momentum, it has to quickly claim back the $42,000 support area and stay above the same. Next target to flip to invalidate the bearish scenario would be to move above $46,000. If these two zones can be claimed, we could start targeting new all time high for BTC.
If $42,000 cannot be reclaimed back and gets rejected, we could see a move down towards $30,000 area once again.