BTC (Bitcoin) is bouncing back from it's major Support level

2021年6月14日If we look the 1 Week Log chart of the BTC, we can see price clearly bouncing back from its major support. This is a potential factor for determining the BTC price this year.
BTC started recovering slowly from its 2021 crash and bears failed to break it's strong support. If that support breaks then we can see the pricing reaching it's another major support of 20k (2018 ATH ) but its seem like it's less likely to happen. I think BTC will slowly start moving upwards with this as a major a support level and once it reaches new ATH we are not gonna see BTC at this price anymore.

From this chart we clearly see two possibilities.
- [Most likely] : From the looks of the BTC pattern, price is mostly likely to hold on to this support and continue the bull and possible new ATH by this year end.
- [Less Likely ] : In worst case scenario if this support break then we gonna see BTC around 18K-22K price, which will be a very good time to buy the bitcoin but it will take around 2+ year to reach new all time high.

We have more change reaching new All time high if BTC maintains this support level. Let's wait and see how market moves.

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