Bitcoin and alt coins are in a bearish correction. A classic double top (M) has formed. The neckline is around $33,000. This level will be tested; price will likely break below into the mid-to-high $20,000s. I suspect many buyers will jump back in at this level; however, increasing interest in alt coins may diminish the speculative appeal of BTC, preventing a new ATH from being reached in the next 6-18 months.
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.
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.