While we are in choppy market or bear market rally, stock indices like SP500 almost hit 50% of retracement and people already started bearish to new lower lows. I half agreed with them but Bitcoin doesn't give me a confirmation of its bear market rally top. This seems like Bitcoin needs at least 0.236 or 0.382 retracement between $30k to $40k range. Let's not forget we have midterm election upcoming. This gives me confident this market could drag to November.
Just my prediction, folks. Happy trading.
Just my prediction, folks. Happy trading.
Note
Let's see where Bitcoin will hold on these two supports.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.