Bitcoin Price is Trying to Break Down Great Support Line by chorock

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @chorock · Jan 8

$13.17

Bitcoin Price is Trying to Break Down Great Support Line

Even Bitcoin price is above 100K USD in this week, it reversed and trying to break down the support line coming from the middle of November. I shared a post and draft about Bitcoin price chart and I drew possible price move on. It happaned. Here you can see daily chart of Bitcoin and my price draft. I said we will see smal price pump and price dump after this fake move. Market maker is trying to encage the new investors. Lots of investors did flow the cash into market. Market maker encaded them.. They will be longterm investors..

Bitcoin price broke down support line today. Even it is broken down, it may be a bearish trap. Market maker likes making fake moves. We saw bearish trap a week ago..

![e1.PNG](https://files.peakd.com/file/peakd-hive/chorock/23swgECbxJXKwEFY2zmwcTgnkJjCpJuKX7ZcykaPXU8CkxFGdTfMwRzGYyKyUMoQcKYcC.PNG)

Here you can see daily chart of bitcoin and the indcitors. I warned you about price dump. You can see RSI Indicator and Why I warned you. RSI Indicator touched great resistance. It will beat Bitcoin price a few weeks. Bitcoin price will be under pressure of this resistance. Fisher Indicator reversed from the top. We may see price drop. So, Bitcoin price may break down support line. It may not be a bearish trap.

![e2.PNG](https://files.peakd.com/file/peakd-hive/chorock/23swiWiGw1B7fzUXK4QNXwbvWuqnuUNpuESVFpUUXN7i3jPXwjWUoAtB7SVqoqbHwYA7B.PNG)

So, we may see Bitcoin price at 8xK USD in a few days. We should be careful. If not, we should wait until end of January.

We will see...

Posted Using [InLeo Alpha](https://inleo.io/@chorock/bitcoin-price-is-trying-to-break-down-great-support-line-88v)

👍 redes, chorock, florian-glechner, smasssh, maarnio, thisisbaris, r1s2g3, rtonline, maxwellmarcusart, marcusantoniu26, mauromar, moeenali, curamax, digital-fortress, libertycrypto27, drax, deepu7, omarcitorojas, anadolu, atongis, asgharali, bluemoon, andyjaypowell, costanza, harkar, toofasteddie, joetunex, mukadder, abduhawab, syedumair, baibuaza, tanzil2024, assan, pixelfan, voter003, eturnerx, cranium, readthisplease, stefano.massari, holihop, horpey, ahmetay, chetanpadliya, gloriaolar, h-hamilton, dine77, tht, isnochys, oneplanet, fatman, techken, tggr, schindmaehre, rifting, bagasadi, decrystals, magnacarta, cur01, rtonline.leo, balvinder294, spshards, sweetkathy, thales7, projectdignity, and 24 others

properties (23)vote details (88)

voter	rshares	pct
maarnio	988,230,890,557	100%
redes	4,355,860,912,918	47%
abduhawab	124,944,283,969	100%
smasssh	1,417,287,195,809	30%
andyjaypowell	229,305,028,623	30%
techken	9,051,836,299	10%
joeyarnoldvn	457,433,040	1.47%
holihop	36,423,203,470	100%
benedict08	844,585,848	25%
toofasteddie	169,260,993,259	21%
eturnerx	53,089,987,388	4.1%
bluemoon	288,271,424,931	40%
cranium	50,681,979,734	20%
dine77	19,826,314,192	80%
pixelfan	63,066,855,983	6.5%
chetanpadliya	26,943,994,862	50%
horpey	33,878,612,681	50%
syedumair	103,266,786,177	50%
costanza	229,174,389,165	20%
marcusantoniu26	723,061,168,745	100%
drax	412,460,906,290	100%
fatman	9,175,222,350	2%
mauromar	715,845,015,476	100%
isnochys	11,870,507,256	5%
florian-glechner	1,597,863,649,675	100%
joetunex	160,330,321,130	50%
rtonline	784,975,663,441	100%
anadolu	359,984,226,962	20%
kaniz	868,591,527	100%
ahmetay	29,242,529,489	100%
kamchore	636,146,369	100%
r1s2g3	911,907,139,094	100%
coinmeria	770,401,998	35%
asgharali	288,939,353,628	100%
chorock	1,643,209,993,155	100%
atongis	333,808,253,611	100%
moeenali	711,622,661,071	30%
sweetkathy	2,682,567,661	100%
zemiatin	724,587,591	50%
deepu7	404,857,917,164	100%
thales7	2,620,145,424	100%
harkar	212,078,629,769	20%
ozeryilmaz	541,017,489	50%
bagasadi	6,465,435,563	100%
voter003	53,994,279,908	20.7%
stefano.massari	38,746,649,640	21%
anroja	852,344,594	100%
florino	830,643,435	15%
assan	65,721,837,845	100%
denizcakmak	704,976,644	50%
projectdignity	2,427,906,208	100%
libertycrypto27	428,861,617,966	60%
tinyhousecryptos	460,040,849	5%
plankton.token	1,399,033,852	30%
tggr	8,659,871,890	15%
maxwellmarcusart	746,023,575,534	100%
h-hamilton	22,642,719,073	50%
natural.alfa	1,075,259,113	100%
pjansen.leo	0	100%
gloriaolar	24,650,796,314	30%
daily-airdrop	639,225,543	100%
curamax	660,678,578,490	24%
tht	13,662,244,661	100%
tht1	1,334,315,597	100%
balvinder294	3,625,354,209	30%
borbolet	2,081,091,996	30%
omarcitorojas	381,544,745,374	100%
digital-fortress	645,197,815,866	33%
schindmaehre	6,539,516,477	94.3%
magnacarta	6,320,405,829	10%
readthisplease	48,341,734,724	100%
olympicdragon	879,340,918	100%
tanzil2024	84,142,128,518	40%
baibuaza	85,027,768,499	100%
bungongjaro	1,296,544,345	90%
oneplanet	9,859,993,167	100%
mukadder	159,030,336,569	100%
rtonline.leo	3,642,940,029	100%
tekraze	1,654,274,560	60%
spshards	3,584,893,034	100%
decrystals	6,420,713,812	100%
rifting	6,474,026,787	100%
parasomnia	2,202,704,125	100%
thisisbaris	928,296,844,763	100%
redworry	0	100%
samadbro08	638,959,548	100%
cur01	6,038,706,720	100%
theiam	0	33%

@oneplanet · Jan 8

$0.04

Interesting analysis! Looks like Bitcoin might face some pressure with RSI resistance and the support line breakdown. Let’s see if it’s a trap or a real move—time will tell. 📉🤔

👍 chorock

`author`	oneplanet
`permlink`	re-chorock-202518t231618632z
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922","proofofbrain","neoxian","palnet","cent","ctp","posh","bitcoin","analysis","vyb"],"app":"ecency/4.0.2-vision","format":"markdown+html"}
`created`	2025-01-08 20:16:18
`last_update`	2025-01-08 20:16:18
`depth`	1
`children`	0
`last_payout`	2025-01-15 20:16:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.019 HBD
`curator_payout_value`	0.019 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	176
`author_reputation`	43,266,558,417,634
`root_title`	"Bitcoin Price is Trying to Break Down Great Support Line"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	139,831,966
`net_rshares`	64,718,140,143
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
chorock	0 B		64,718,140,143	4%

@stefano.massari · Jan 8

I would like it to go down to $75,000. We could buy some of it and I think there would be some buying opportunities on some Altcoins as well.

properties (22)

`author`	stefano.massari
`permlink`	re-chorock-202518t20243916z
`category`	hive-167922
`json_metadata`	{"type":"comment","tags":["hive-167922","proofofbrain","neoxian","palnet","cent","ctp","posh","bitcoin","analysis","vyb"],"app":"ecency/3.2.0-mobile","format":"markdown+html"}
`created`	2025-01-08 19:24:00
`last_update`	2025-01-08 19:24:00
`depth`	1
`children`	1
`last_payout`	2025-01-15 19:24:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	141
`author_reputation`	337,588,320,254,871
`root_title`	"Bitcoin Price is Trying to Break Down Great Support Line"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	139,831,024
`net_rshares`	0

@chorock · Jan 8

$0.05

Yes sure!

👍 stefano.massari

`author`	chorock
`permlink`	re-stefanomassari-spsba0
`category`	hive-167922
`json_metadata`	{"tags":["hive-167922"],"app":"peakd/2024.12.6","image":[],"users":[]}
`created`	2025-01-08 19:25:15
`last_update`	2025-01-08 19:25:15
`depth`	2
`children`	0
`last_payout`	2025-01-15 19:25:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.024 HBD
`curator_payout_value`	0.024 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	9
`author_reputation`	759,222,121,437,007
`root_title`	"Bitcoin Price is Trying to Break Down Great Support Line"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	139,831,054
`net_rshares`	81,071,489,950
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
stefano.massari	0 B		81,071,489,950	44%

@theiam · Mar 30

# ♦️ You got 0.01 [FELT](https://peakd.com/hive/@theiam/introducing-felt-sentiment-token-spbhj9) for sharing high vibes on Hive. 

[📋♦️ FELT Info](https://peakd.com/hive/@theiam/introducing-felt-sentiment-token-spbhj9)

properties (22)