If this support level fails, Bitcoin could crash at a double digit percentage on “quick move”, warning Crypto traders that bitcoin could crash at a rate of ‘quick move’.

According to Crypto Trader, Bitcoin (BTC) could drop to the level recorded in early May.

The trader known as Donalt tells 66,500 subscribers of the TechnicalRoundup YouTube channel that he is leaning his bear to Crypto King based on reading Bitcoin’s daily time frame.

According to the kana trader, Bitcoin could drop by up to 15% from its current price if it is at the BTC support level that has been held up to now since its flagship crypto assets reached a slightly history high of under $112,000.

“If we get this support, I think this support will look like a great move towards $90,000 again, between $98,000 and $101,000.”

Source: TechnicalRoundup/YouTube

The pseudonym trader says the new all-time best Bitcoin rally, which was around $111,800 late last month, is a “false breakout” based on daily time frames. According to Donalt, “good breakouts” usually don’t retest previous levels of support.

“Essentially, all good breakouts weren’t retested…this (just under $112,000), a little different. It’s under retesting. This is a sign of lack of momentum, lack of urgency.”

However, the kana trader says Bitcoin looks more bullish in the higher weekly and monthly time frames.

“This (weekly) time slot is also bullish, but I would say that, although it is less bullish than every month.

This is a beautiful breakout. This is no problem. This is a powerful monthly chart. It’s a little less every week, but that’s fine. ”