I think we're gearing up for one last move lower here in BTC, that should be the end of the bearish move and then we should continue higher from there.
I think it's most likely that we'll hit the $61k or
64K support levels to mark the bottom. Why those levels?
That region is the 50% retracement off of the bottom. If we're still in a bull trend, that's where we should bounce.
I think it's most likely that we'll hit the $61k or
64K support levels to mark the bottom. Why those levels? That region is the 50% retracement off of the bottom. If we're still in a bull trend, that's where we should bounce.
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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.