We can see some very long wicks after the price broke down below 50000$. That means traders are not ready to sell BTC below that price, instad they took the oportunity to buy some more.
There is also a very nice double bottom after which price went back to 55000$.
It looks like BTC is ready for more! What do you think?
Hey Lux, I think your analysis is correct, but I also think that a Deeper Pullback is very possible, took a large percentage off the table and will sit back and observe for a while, sometimes all it takes is a tweet :)
sinabip
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Zoom out a little bit to see where we are now. Need some rest because target is Everest!