Bitcoin sideways movements continues, but the bulls seems to be resilient in the past week holding price above 3800 level. I don't expect price to turn bearish from here in the short/mid term, I still look forward to that push towards the 4200 area again, and a possible break above that area to the 4700-4800 area before grinding down.
Either way, I still believe the bottom is not yet in, BTC has further downside to go in coming weeks/months. What we are seeing right now is a calm before the storm, and we saw this happen at the 6000 level. If history is to repeat itself, we definitely will see a below 2k bottom before a clear reversal of trends IMO.
Either way, I still believe the bottom is not yet in, BTC has further downside to go in coming weeks/months. What we are seeing right now is a calm before the storm, and we saw this happen at the 6000 level. If history is to repeat itself, we definitely will see a below 2k bottom before a clear reversal of trends IMO.
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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.