From technical standpoint next possible price support is around $40K on 200 Daily MA. We could reasonably expect a bounce back into low $50s (52-53k). After that price target of about $30K.
If a price falls like a knife thru 200 DMA then chart becomes bleak and $30k can be reached without much of a bounce. In this case eventual sub $20k price could also become very feasible, with estimated prelim support of the 200 MA on weekly chart.
If a price falls like a knife thru 200 DMA then chart becomes bleak and $30k can be reached without much of a bounce. In this case eventual sub $20k price could also become very feasible, with estimated prelim support of the 200 MA on weekly chart.
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