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Assessment: Bitcoin is moving back up to that key pivot as calculated by my algorithm…a point calculated and posted in charts long before we broke the $37,492 pivot! Funny how important it turned out to be. Well, it is important once again as we could get a “kiss goodbye”. The “kiss goodbye” refers to a financial product selling off and then making a run back up to key broken support. Price hits the bottom of that support, but does not break through in a meaningful way…or at all. Instead, price touches that level, sellers rush in and down she goes. If this is a kiss goodbye, the next likely speed bump would be the pivot at $37,492. I would expect a pause in selling and then likely a move to the 200 SMA (black line) which would likely provide a relief bounce. Then assessment would be needed at that time. Something to keep an eye on.
Path Predictor (BTC): https://sblk.io/s/ovoKTNsBcgUofbE
Good luck in your trades!