A sell off here could see a frenzy towards the 200 ma which is where buyers are looking to sweep up cheap coin. Current price dip at the 200ma is around 35k mark which could results in a 45% dip in price from the most recent highs. This isn't uncommon in the world of crypto, however with the recent power of institution backing BTC at any given opportunity a Dollar cost average approach would be more suited going to dips like this.
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.