Today's drop hit the long term horizontal support (February and beginning of the month), but the configuration of the down channel suggests a deeper drop with a new dump, touching the channel support, with an area between $5400 and $5600.
The end of the future CME on June 28, could drive the price down.
This low point could then be the beginning of the end of the depression phase we are experiencing, before a potential market recovery during the summer.
The end of the future CME on June 28, could drive the price down.
This low point could then be the beginning of the end of the depression phase we are experiencing, before a potential market recovery during the summer.