Here is why:
- Extremely overbought
- Mark the date DEC 17, for some reason we always see major trend reversal on this date
- DXY found major support. The price of bitcoin is inversely proportional to the dollar:
Where can BTC find its new support?
- Possibly around 15K, 13K, or 9K region
How long will this last?
- Nobody knows, only chart will tell.
If this helps you, don't forget to throw a like.
All the best and manage risks.
- Extremely overbought
- Mark the date DEC 17, for some reason we always see major trend reversal on this date
- DXY found major support. The price of bitcoin is inversely proportional to the dollar:
Where can BTC find its new support?
- Possibly around 15K, 13K, or 9K region
How long will this last?
- Nobody knows, only chart will tell.
If this helps you, don't forget to throw a like.
All the best and manage risks.
Comment:
Looks like it's gonna reach 25k first!
Comment:
Institutional money is very strong. There should be an outlier or a black swan for a drop.
