I personally think that this is the end of Bitcoin's uptrend momentum, for now at least. We just took out the Daily D extension for BTC at $27,735. I expect bearish momentum going forward from now. With the FED's FOMC meeting on Wednesday, I believe that they are going to raise interest rates yet again by at least 25-50bps which will cause BTC and the whole crypto market to continue to crash to the downside. My first target is $26,940. Will update once the target is hit. Best of luck, everyone.
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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.