Two days ago I argued that Bitcoin over 40k does not make me optimistic and not even over the resistance at 42k things do not change the long term perspective. A new wave of sell took over the market again and if Btc bulls can't sustain 35k, 30k is again exposed. I see a great probability that 30k to be challenged again and, even more, a break here could occur In this very bearish outlook, Bitcoin could fall to 20k Sell rallies towards 40k should be a good strategy at this moment
you can say that again bro. this nasty market will fall to the base trend line meeting 18-20 K . There ...we will
accumulate the lots. ya know every inflated market will faaaallll. CAUSE only 5 percent should and will survive... Only The WISE....
I agree with you on this one. Bitcoin is due a long decline. The exhaustion at the 60k price level, the repeated trials to break the resistance of 60k and failure, shows that the rally has run its course.
The way it tried to break the resistance of 60k itself shows the exhaustion. It was all lateral when it reached 60k. Clear sign of distribution there.
Bitcoin may spark to around 50k for a short time before declining a great deal.
Mihai_Iacob
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@LvMises, thanks for comm and your view.
I don t think it will "see" 50k soon though
jamesasb
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18-20k agree
jojofang0901
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Good work from you thx
caldooninvestment
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Interesting chart buddy!
SignalProvider
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I always appreaciate your intput on BTCUSD
Well done!
accumulate the lots. ya know every inflated market will faaaallll. CAUSE only 5 percent should and will survive... Only The WISE....