Bitcoin / TetherUSShort
BTC SHOCK, FEAR THEN DESPAIR!!! Could We See A Drop to $6,900?
Updated
While everybody seems to be bullish about BTC making new ATH, I think there is a bitter pill to swallow - BTC historically squeezes down to test major supports between new bull cycles.
It might get volatile these next few hours/days. Whether BTC does make a jump higher it won't be long lived.
RSI may need to get to oversold before a the next Bull cycle is completely confirmed.
I suspect a 15% drop followed by an ALT SEASON hype before Christmas time attracts retail buyers.
Remember it's all speculation. Safe Trading everyone!
It might get volatile these next few hours/days. Whether BTC does make a jump higher it won't be long lived.
RSI may need to get to oversold before a the next Bull cycle is completely confirmed.
I suspect a 15% drop followed by an ALT SEASON hype before Christmas time attracts retail buyers.
Remember it's all speculation. Safe Trading everyone!
Note
Even if BTC doesn't drop hard there still needs to be a doublebounce to confirm an uptrend. Numerous larges deposits in exchanges, surely something is brewing.
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