Looking at this 1hr chart I am seeing a bullish 3 drives pattern develop. I am also seeing a potential bear flag.
My whiskers are telling me that we have some more downside. My targets for these moves are about $42,000 and then as low as $37,000.
On this daily chart you can see where I think the price could take us. For me, it would be very healthy if we touched the pink trendline and continued on from there with the overall bullish trend, which I still think is intact.
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