BTCUSD ! Medium term

2022年5月13日

So. Let's break down bitcoin.
There is a strong level on the chart - 30250, which the price did not break through. The level was tested with false breakouts.
The situation with bitcoin from mid-July 2021 - after a false breakdown, the price forms the strongest growth from this level and grows very strongly and reaches a price maximum, after which it updates it.
A false breakdown is formed and a downward movement back to this level.

There can be two scenarios regarding the level of 30250. Let's see how the price and market mood will behave. The background of the market is negative, besides bad news and, in principle, politics.

If the price fails to consolidate above the level of 30250, then the price may continue to fall
I assume that if the price can enter the 42000-30250 range and consolidate above the support level, then we may see the price increase.

Sincerely, R. Linda!