Btc (last update)

⛔️BTC

Bitcoin reaching 20k is a matter of time, not more ⏱

the reasons:-

- Breaking the weekly trend by closing down 34,500

-Breaking the 29,600 support last week and reaching the 26K area on BEAR USDT and reaching 24,500 on BUSD

For the first time in the history of Bitcoin, we see 8 red weekly candles

– Currently, the coin is trading at the 29,200 support, which is the last stop before the 20K

The recent global events, such as the Ukraine war and the state of global markets in general, herald further decline, especially with the Fed’s commitment to raise interest rates every 3 months.

All the data, whether technical or fundamental, says that we are still falling

Since the next support is 20k, the next stop is 20k. If a miracle does not happen, the market will raise the current support and break through the weekly trend and close above to return the positivity

This is my view on the current situation

God knows