As of April 27th, Bitcoin is showing a slight downward trend.
People are predicting a downward movement at a ratio of 65:35, and according to the distribution of price trends, about 80 percent are anticipating a downward movement.
However, it’s important to remember that when many people anticipate a downward movement, significant shifts might not occur.
While I’ve also been expecting a decline, it’s natural to feel uneasy when everyone is predicting a downturn.
The next support level seems likely to emerge around $60,000, and if it holds up again, we might see a consolidation around this price.
However, if $60,000 is breached, the next support level appears to be around $50,000, indicating a high probability of a significant decline.
Therefore, it seems prudent to patiently monitor the breach of $60,000. While movement was expected next week, it could also occur within the next few days.
Although the chart indicates a crumbling trend, it’s impossible to guarantee how long this trend will persist.
