Bitcoin Retrace or Crash Toward $20,000? Support Levels

The current move started from a low of $65,000 29-March. It ended with a double-top between 22-26 April at $79,500. The double-top is a higher high compared to 17-March ($74,000). The higher high supports a new higher low but it is too early to say.

The broader move started 6-February from the classic low of $60,000. The current chart set up supports a retrace. The previous retrace lasted 12 days, from the 17 until 29 March.

This chart here shows the main support levels. We expect a higher low followed by additional growth.

If you have any questions, feel free to leave a comment.

Namaste.