BUYERS loading up Bitcoin again at $33,500-$35,000BITCOIN $34,500 = OVERSOLD
The smartmoney are going into Bitcoin this weekend, buying it all up and getting ready for the JUNE RALLY.
I don't believe $40,000 can hold Bitcoin down ... there's way too many negative news going on right now which is saturating the crypto atmosphere. These are key signals of a major price reversal for Bitcoin.
Just like when Bitcoin was getting tons of good news and Bitcoin was setting new high to $65,000 ... and you see traders buying up all the futures $80,000-$100,000.
What happened next ? A TOTAL REVERSAL ... sending Bitcoin from $65,000 down to $48,500
Lucky, Bitcoin cement the bottom at around $46,000 ... and build a good support at around $46,000 to $50,000
Bitcoin stopped dropping at the support level and slowly went back up to $58,000
Afterward, Elon Musk came out and the price went straight back down.
OVER BULLISH SENTIMENT at $60,000-$65,000
NOW OVER BEARISH SENTIMENT at $30,000-$40,000