Bitcoin breaks 30K

Bitcoin (BTC) broke primary support at 30K, providing further confirmation of a bear market. The primary down-trend in Bitcoin signals that financial markets have reversed to risk-off.


The target for the decline is 15K. The calculation is based on price doubling from 30K to 60K (in 2021). Now that BTC has reversed below 30K, we can expect it to halve (to 15K).