Bitcoin dropped more than 10% in the last few days after the Elon Musk tweet. Does it mean that there won't be any upside in the future? We're in a technical corrective phase and buying opportunities are not very awarding here (maybe for short term gains only?). Once we're out of the corrective phase after noticing the patterns it is forming, there can be long term buying opportunities for Bitcoin.
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.