@moon333 7 May 2022 more from that month

Bitcoin Dump Bringing Once In A Lifetime Buying Opportunity For you | BTC Price Prediction 2022 https://youtu.be/38_yWNIiGHU   Hey, friends hope you are well, and welcome to the new update on Bitcoin . **Broke down the pennant .** On 5th May 2022 Bitcoin was breaking out a bearish pennant but was rejected by $39500 and daily EMA 21 resistance levels. RSI also could not cross 50 value, which is a sign of weakness, and eventually, Bitcoin broke down the support of the pennant .

Click here to visit this old article https://www.patreon.com/posts/66040560   **Breakout big channel:** We should remember, that before the breakdown of this pennant Bitcoin has also broken out a big down channel. But if a price drops below $33K, then this breakout will be invalidated.

**Oversold In Monthly view:** In a monthly time frame, on the Bitcoin chart, stochastic has entered the oversold zone. This is happening for 3rd time in the history of BTC . Before this whenever stochastic entered oversold in the monthly time frame, we have witnessed massive rallies. Therefore, this time soon another massive rally can be expected.

**Conclusion**: There can be a bear trend on a short and mid-term chart, but in the long term, we can expect a massive move.