Bitcoin Selling Off As Predicted! Watch These Levels

6:18 pm, Sat, 23 July 22

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Ethereum price prediction from a previous analysis Warning: -12% Dump very Likely For Bitcoin!

In our previous analysis Warning: -12% Dump very Likely For Bitcoin! we talked about the $22,394 minor support in the 4-hour timeframe. We also warned our readers that this $22,394 minor support was the only level stopping Bitcoin from a potential -12% dump in price.

Well as we speak, that $22,394 minor support has finally been broken. This bearish break increases the possibility for that bearish prediction we made in our previous analysis to play out.

In this Bitcoin analysis, we will be breaking down the new key level we are currently watching as well as the price targets for this move lower.

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Bitcoin Selling Off As Predicted!

Bitcoin Selling Off As Predicted! Watch These Levels in the 4-hour timeframe
Bitcoin Selling Off As Predicted! Watch These Levels in the 4-hour timeframe

The Bitcoin price has finally broken through the $22,394 minor support in the 4-hour timeframe. And right now, the BTC price is currently trending lower exactly as we predicted.

This movement lower has a very high probability of pushing Bitcoin back to the bottom of the larger Channel Pattern the BTC price has been ranging in for weeks now.

What we are currently witnessing is the start of the sell-off! And a bearish move like this means we still have a potential -10% drop for Bitcoin in the coming days.

Bitcoin Selling Off As Predicted! Watch These Levels in the 4-hour timeframe
Bitcoin Selling Off As Predicted! Watch These Levels in the 4-hour timeframe

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