Bitcoin has made an almost nonstop push to nearly 60K with back to back pushes. It is possible we will see a pullback to the .5 fibonacci zone before another run up to 70K.
@J_ine, That is what people have been saying since it was only $1. It doesn't matter what we think anymore, it only matters what the markets do.
J_ine
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@reubenroyal, I know there are not a lot of trades between 48-53, but 50k should be a strong support level. Even on Jan 11, we don't see a 7000 point pullback. I would say right now it's a panic sale and nothing special about it.
reubenroyal
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@J_ine, Yeah if we get much of a pullback it won't be too dramatic. I'm just looking at the technicals only.