Roughly three months ago, I conducted a study that predicted the final pullback and subsequent surge of Bitcoin’s value to or beyond 28,000. On April 14th, the accuracy of my forecast was validated when the price of Bitcoin reached approximately 31,000.

At the date of this post, the value of Bitcoin is hovering around 12% lower than its recent peak of 31,000, with the next significant level of concern expected to be within the range of 26,000 to 25,300.

Should the aforementioned support level between 26,000 and 25,300 prove to be inadequate, there is a possibility that the value of Bitcoin could drop further towards the crucial psychological threshold of 20,000.

The prevailing expectation is that any endeavors to generate a price rebound from this point would likely falter, leading to a decline towards the 18,000 mark. In the event of a successful breach below this level, further decline is anticipated, with new lows being a distinct possibility.

Trade safe.