This week, we've seen a healthy correction, shaking out some of the weaker hands. As the market recovers, we will continue to see FUD and FOMO swings, but BTC is still following the path to 11k. I'll be looking for higher highs on the daily candles, this week. IMO. Those expecting BTC to fall back to 6k may need to temper their expectations.
Note
We've seen a small bounce from the support area, but moment may push BTC down a little further. If this support breaks, 7.8k should be the final support needed for the bull bounce.Note
We are now at an interesting point, what I considered critical support. If this fails, I expect to see a fall to 7.6k.
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Disclaimer
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.