Technical analysis by rossso about Symbol BTC: Sell recommendation (4/30/2024)

60K seems to be the next most likely support level on the weekly chart for Bitcoin/USD. After that 48.5K - 51.6K next most likely and a bounce from 38K highly unlikely, yet possible. This is highlighted by Technical Analysis: (Tools: Volume, Ichimoku Clouds, Fibonnaci Retracement, Support Lines.) the Fibonacci Retracement levels of Swing Highs and Swing Lows. Support levels Price action above the Ichimoku Cloud Fundamental Analysis: Good news to consider: Possible ETF unbanning and adoption in China (unconfirmed) World's largest custodian bank, BNY Mellon reports exposure to BTC ETF Halvening in effect Bad news to consider: CEO of Binance sentencing today (30. April 24) Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.). Psychological Vectors: must-reach-100k mentality of the Bitcoin community see my Twitter for Bitcoin news: @BTC_GKC