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25500 USD is the First Support Level for Bitcoin While Dumping by chorock

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hive-167922 · @chorock ·
$4.80
25500 USD is the First Support Level for Bitcoin While Dumping
Bitcoin price is going down slowly from 30500 USD. Even lots of investors think that Bitcoin price will go up to 40K, I shared lots of posts about possible Bitcoin price dump. I shared lots of reasons that Bitcoin price would go down..

Here you can see daily chart of Bitcoin and there is no support while Bitcoin is being traded in 26200 USD. The first support is on 25600 USD level.. We may see Bitcoin price supported in this level..

![Ekran Resmi 2023-05-24 20.01.35.png](https://files.peakd.com/file/peakd-hive/chorock/23swiWiGuvo32B9sxgktSvEuvEStQPzToMzxdMtZoDPsXyNUGgiKBzXQzZeUf9jHX5tQ5.png)

It may not be enough when Bitcoin price touched 25600 USD. If it breaks down, the main support is at 22666 USD where is 200-day moving average is...

Here you can see long-term Bitcoin price chart. You can see how Bitcoin price supported and resisted by 200-day moving average past..

So, It is possible to see Bitcoin price touched 200-day moving average again. It will be the decision for Bitcoin to bullrun again or bearish season..



![Ekran Resmi 2023-05-24 20.02.45.png](https://files.peakd.com/file/peakd-hive/chorock/23t75BRJbkHox5piSApZ23jbLiNFYa5Pr2ipTTRSpLTecEeg37rnyAcVduwL5cqvbCspD.png)

I made lots of analysis last days. I said ''Sell in May and Go away''..

Market maker sold in May and went away...

We will see when market maker completes his holiday and comes back...
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 19 others
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vote details (83)
@asgharali · 
In June, accumulation takes place. During this month, there will be some wise decisions and market will see positive side.
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@beerlover · 
<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @chorock, here is a little bit of <code>BEER</code> from @pixresteemer for you. Enjoy it!</p> <p>Did you know that <a href='https://dcity.io/city</b>you can use <b>BEER</b> at dCity game</a> to buy cards to rule the world.</p> </center><div></div>
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@india-leo ·
Indiaunited Curation 1684949552689
This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>
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@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 157 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-156-and-start-week-157) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>3</sub></center>
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