Bitcoin – this level can change everything!

Hi all!

Yesterday I told you that Bitcoin is destined to fall below $17k due to the large liquidity cascade there. Today I noticed a critical moment that could negate this scenario. I’m 90% sure there will be a scenario with a lower minimum, but I want you to be aware of the potential changes and if you’re a super greedy bull, you can use the scenario presented in this article.

Let’s take a look at the 4-hour timeframe of BTCUSDT on the Binance exchange. The price began its bearish movement, which I warned you about in my previous articles. It formed a formation with a rounded top, but for those familiar with Wyckoff’s theory of accumulation and distribution, know that this formation usually means distribution (like the H&S pattern, it is not an abstract pattern that causes a fall for no reason, it is a distribution form). The key fractal level that protected the uptrend was also broken.

The next strong support level that could stop this bearish trend is located at $22,100. The Fibonacci golden pocket and rising trend line, which Wyckoff calls the demand line, can be a huge problem for a downtrend. There I will increase the share of BTC and altcoins in my portfolio using the tradingvesting approach, but I am ready for $16k per bitcoin.

Good luck!