Bitcoin must atone to its' correction first before the next move
Bitcoin is bullish in the long term as investors and traders hedge for geopolitical events. Yet, as we can see it has far succeeded its' wave extensions and must therefore correct to a conservative range of $8000-$9000 before resuming the upward trend...
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Still bullish as long as Bitcoin remains about $8000. Bitcoin does have a tendency for long, drawn-out corrections if the previous one was anything to go by.
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Edit: *Above not about.
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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.