History indicates that unless price holds above the downtrend "45k" bitcoin will top out at 45k. What would follow is a retest of the lower trendline ~24k
Bullish price action above 45k is similar to price holding above $100 in Aug 2013
Bullish price action above 45k is similar to price holding above $100 in Aug 2013
Note
I think it's 2013 ... it's 2013 again!Note
The 20% drop yesterday shows that we may soon see a much bigger drop. BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
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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.