BITCOIN BULLS OR BEARS
Updated
The increasing sell off on GBTC are GOOD for the markets to create a new liquidity and grabing both sides of it. Now the Bears are controlling? my assumptions is not yet. but we might test that previous high 49000 level. Im expecting to clear that out.
We expect too much on The ETF's, Few understand that last year being announce and some institutions already approved it before our eyes and before news came out.
remember that 26000 price, Suddenly climbed to 42k, its obvious that institutions already there at 26000 level. So for the higher context on this Idea, we might see 50k or 35.5k retracements. pick your choice where we going. For me Im expecting clear the high first then retrace back to 35.5k per BITCOIN. For the next month maybe we might see 35.5k bearish scenario before the halving and after the halving, this is the time that supply shock.
This is only view on this bearish scenario.
THis is not a financial advice.
Follow for more higher context.
We expect too much on The ETF's, Few understand that last year being announce and some institutions already approved it before our eyes and before news came out.
remember that 26000 price, Suddenly climbed to 42k, its obvious that institutions already there at 26000 level. So for the higher context on this Idea, we might see 50k or 35.5k retracements. pick your choice where we going. For me Im expecting clear the high first then retrace back to 35.5k per BITCOIN. For the next month maybe we might see 35.5k bearish scenario before the halving and after the halving, this is the time that supply shock.
This is only view on this bearish scenario.
THis is not a financial advice.
Follow for more higher context.
Note
clear the previous day LOW, then we might see next week on what I am calling 49k Bitcoin. Are you all still Bears on this moves? what you all think?
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