Bitcoin could use a healthy retracement, if we extend the weekly 50 MA, it comes clear as and idea to see a liquidating event (this could also come after a fake breakout to trap foolish bulls) , going to sub $90K to drive sentiment down and collect liquidity / late shorts, only to then resume higher on the next leg up.
Just an idea :) I'm not really a buyer here, but like sub $90K much better
#Bitcoin #BTC
BTC #Crypto
Just an idea :) I'm not really a buyer here, but like sub $90K much better
#Bitcoin #BTC
BTC #Crypto
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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.