Do not panic when looking at the BTCUSD weekly chart today. No financial advice, but I personally think that there is only one way to go from now on, and that is up. We are now retesting the yearly purple line support and the price action might continue going up from this point, as shown in the BTCUSD weekly chart. This line has been shown in previous ideas I have so far which are related to this idea. If the BTC price action continues respecting this strong line of support, the BTC price action could drop a bit more, in the worst case scenario, but it might recover as soon as happened in March 2020.
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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.