a month ago, I posted my analysis on Bitcoin, favoring the bullish trend after the demand zone mitigation zone, however, recent price action has been going on with even more bearish pressure. since there was no valid demand mitigation on the daily or weekly chart on Jan 2021, I am in favor of looking at the mitigation that happened in Jun 2021 as the liquidity area that the price wants to take out. all that being said, I am expecting the price to drop even more, to around 18-19K in this coming month or two. let me know what you think in the comment section
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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.