20k or lower is like a 30-35% drop from here..
I doubt it will
Discussion
I'm this pump not looking good tho im bullish for the long but the micro look bearish 19521 books long this playing out just to shake out long they can't pay the longs if it does boom 😎
And also the metric of that the small guys is holding is cap track them wallets and you see they was whales that turn big wallets to small
If we come back down to 24k and break below tgat than yes maybe see 20k but we keep putting in higher lows on all time frames mostly.
It can go either way on the monthly and weekly still look like the pump back in 18/and pump fake in 15 before dump back to 156/or 3.5k really quick
This a shit load of liquidity to grab bake at 31 we can quite possible tap that and then dump but everyone is long and not budging waiting for this bullshit etf. And the market needs to flush them out before moving so one more fomo dump like 19 sound perfect to liquidate all long. Then rek the shorts back up but it you watching the order book they are very thin... I would assume supply and demand kicking in which is way bullish but this is getting thin 🤯
I think its gonna be hard to go below 25k a lot of support there
Strong node at 38.4k
Another strong node at 30.6k
Below 26.4k
Which 30/26 is the rang and the short eating the floor
The 23.1k strong
After that 20-19 range which is super super strong
There are the ranges k have for support
What I got for stops
But it need to break 26. In order for that if not we still in range