Bitcoin

43K target reached. What’s next?

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From technical standpoint next possible price support is around 40K on 200 Daily MA. We could reasonably expect a bounce back into low 50S (52-53k). After that price target of about 30K.

If a price falls like a knife thru 200 DMA then chart becomes bleak and 30k can be reached without much of a bounce. In this case eventual sub 20k price could also become very feasible, with estimated prelim support of the 200 MA on weekly chart.

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