{"id":63121,"date":"2022-06-18T20:35:32","date_gmt":"2022-06-18T17:35:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63121"},"modified":"2025-09-05T22:10:37","modified_gmt":"2025-09-05T19:10:37","slug":"tech-analyst-pins-next-bitcoin-support-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tech-analyst-pins-next-bitcoin-support-level\/","title":{"rendered":"Tech Analyst Pins Next Bitcoin Support Level"},"content":{"rendered":"<p>A trader going by the handle crypto bullet signalled a reversal in Bitcoin&#8217;s price from the $18 600 level.<\/p>\n<p><!--more--><\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'><a href='https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw'>$BTC<\/a> is now in the middle of my 2017 ATH support zone<\/p>\n<p>Weekly RSI at a new ATL<br \/>Fear in the market at a new ATH<\/p>\n<p>If $18600 holds i am expecting a reversal today \ud83d\udcc8 <a href='https:\/\/t.co\/WnGxYOpsQu'>pic.twitter.com\/WnGxYOpsQu<\/a><\/p>\n<p>\u2014 crypto bullet \ud83d\udcc8 (@SilverBulletBTC) <a href='https:\/\/twitter.com\/SilverBulletBTC\/status\/1538065250460880896?ref_src=twsrc%5Etfw'>June 18, 2022<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>Bitcoin is currently in the middle of my support zone, corresponding to the 2017 all-time high, the analyst noted.<\/p>\n<\/blockquote>\n<p>According to him, the weekly RSI indicator is at an all-time low, and market fear has reached a new all-time high.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>If $18 600 holds, I expect a reversal today, he stressed.<\/p>\n<\/blockquote>\n<p>Otherwise, crypto bullet said, the $12 000 level would come into play.<\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='en'>If 18-19k not hold 12k is on the table<br \/>But since everybody is hoping for 12k we will likely not get it<\/p>\n<p>And if everybody thinks <a href='https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw'>$BTC<\/a> can not bounce on a weekend it likely will<a href='https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw'>#Bitcoin<\/a> loves max pain scenarios<\/p>\n<p>\u2014 crypto bullet \ud83d\udcc8 (@SilverBulletBTC) <a href='https:\/\/twitter.com\/SilverBulletBTC\/status\/1538068223400321024?ref_src=twsrc%5Etfw'>June 18, 2022<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>But as everyone is hoping for $12 000, we are unlikely to see it. And if everyone thinks Bitcoin won&#8217;t bounce over the weekend, this is likely to happen. Bitcoin loves max-pain scenarios, the analyst stressed.<\/p>\n<\/blockquote>\n<p>At the time of writing, Bitcoin is trading around $18 860, Ethereum near $980 (according to CoinGecko).<\/p>\n<p>Earlier, the price of the first cryptocurrency for the first time in history <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slips-below-the-20000-psychological-level\">plunged through the peak of the previous market cycle \u2014 the $20 000 level<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href='https:\/\/telegram.me\/forklog' target='_blank' rel='nofollow noopener'>Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trader going by the handle crypto bullet signalled a reversal in Bitcoin&#8217;s price from the $18 600 level.<\/p>\n","protected":false},"author":1,"featured_media":63122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1253],"class_list":["post-63121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63121"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63121\/revisions"}],"predecessor-version":[{"id":63123,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63121\/revisions\/63123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63122"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}