Let's remove as much noise as we can and just focus on Bitcoin's raw market structure. This is what I see: Bitcoin made a flat top formation @ the exhaustion point, had a sharp pullback to the downwards , pulled back to the upwards again then failed to break the exhaustion point. Instead, it created a new low high @40k. Unless Bitcoin can break the counter trend line and retest 40k again. I think it will move sideways and downwards.
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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.