BitcoinShort
BTC
Had a huge dump today. Looks like there was a false breakout to the upside, and price is starting to roll back down. Daily RSI is bearish and back underneath the 50. Weekly is pulling back at the moment. If daily loses lower AVWAP band, there will be further confirmation of more downside to come. Did a perfect retrace of golden pocket from most recent high. I except it to roll over in the coming weeks with stocks. 1.618 comes out to around 12k and 0.886 from COVID lows comes out around 12k. I would except support to be built up at 12k extensively and bottom out from there. Time will tell.
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