From the 4 month candle view BTC is still in an uptrend but it looks like it really wants to test between 10k- 14k.
That would make the 80% cycle retracement. If that's not support, then we could see a 90% retracement.
That would make the 80% cycle retracement. If that's not support, then we could see a 90% retracement.
Note
We are testing the top of bull flag 2 which is also the last major breakout area. The market seems to think this area is important. I suspect we will be testing 12-10k and 8.5k if things really get bad. $8,500 would probably send the market up.
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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.