Bitcoin reached its lowest value at $34,000 since December 2021. The Majority of retail analyst saw $40,000 as support level! That’s because they thought bitcoin was going to $100,000.
On my private group I indicated that Bitcoin is going to go down on the 17th of May 2021, I have also indicated where it will go next.
Now I see level $31818 as the next resistance point that will indicate where Bitcoin will go next. If Bitcoin falls below this level then I can see it break down to $17100, however, if Bitcoin doesn’t reach $31818 or it bounces off it, without breaking through that level, then it might take longer than expected for BTC to move where I want to see it going.
