Technical analysis by MasterAnanda about Symbol BTC: Sell recommendation (5/29/2025)

After closing 7 consecutive weeks green, Bitcoin turned red for the first time. Is this situation bullish or bearish? Will Bitcoin test $20,000 as support before hitting $200,000? Boost & follow to continue reading below.The fact that Bitcoin found resistance is a non-event. After a very strong rise with 50% growth, it is normal to see a retrace or correction, it is as normal as it gets. Think back to August 2024. Bitcoin crashed and started to recover. The recovery didn't produce one long single up-wave, after some bullish action there was a retrace, this retrace ended in a higher low followed by additional growth. Exactly what I told you would happen if a drop develops. Yes, prices move lower but always end in a higher low. The higher low means that the bullish structure remains intact. An intact bullish structure means that market conditions do not change. This is only negative for those that bought at the top, short-term traders and over-leveraged traders, and those without a plan.The rest of the market is sound and safe and will continue to profit long-term. Now, how far down will Bitcoin go? Will support be found around $100,000, $90,000, $80,000 or $76,000?Remember, even if Bitcoin hits $76,000 on a flash crash this is still a higher low compared to $74,500 and thus bullish. We are bullish long-term. So, regardless of the short-term, noise, Bitcoin will continue to grow.Prepare for the crash.Buy and hold.Namaste.