Bitcoin (BTC) BITFINEX
THE BELOW IS A HIGHLY UNLIKELY SCENARIO, BUT IT'S A PERSPECTIVE WORTH CONSIDERING
If Bitcoin falls out of the channel it's [ dare I say, religiously ] held to, I'll have to wonder whether it will survive at all; although it is entirely possible that it finds support around $1,200 followed by a quick bounce to $3,000, upon which it would then enter a new price discovery phase seeking to find new support at price levels below $1,000.
If Bitcoin falls out of the channel it's [ dare I say, religiously ] held to, I'll have to wonder whether it will survive at all; although it is entirely possible that it finds support around $1,200 followed by a quick bounce to $3,000, upon which it would then enter a new price discovery phase seeking to find new support at price levels below $1,000.
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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.