Short

Bitcoin bearish bat

Updated

Unfortunately bitcoin will dump to the target of 10k. Inflation and Fed actions will cause mass liquidation events as we hit successive stop losses set by whales who entered late to the game and retail panic selling. Reassess around the 9-10k support level, could well head lower into good buy zones for a long term holding once retail is scared out of crypto.

Note

See RSI for bearish trend and increasing selling volume on daily which will only accelerate.

AlphaJi

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