This level of Waddah Attar Explosion (on the sell side) was seen last on 22 November causing BTC to dump from 7.7k to 6.7k in 8 hours. Then began 1 month consolidation before January 10k rally. During this time BTC bounced between these ranges. Keep this in mind before 5k predictions. Lots of people tried to predict 5k levels back then and failed and missed the rally. Dont be that guy. Get exposed to BTC in small amounts. Its never too late my friends.
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Now we will probably range in between 8.7 and 7.7 give or take some wicks. So what.