Bitcoin panic drop incomming. $8500 / $7500 / ($6100)
Bitcoin is in a very very small trading range at the moment. A breakout of this range wil hit many stoplosses and take profits. The waves in this range are getting smaller and smaller. We tested 2 times the $10500 range but no break.
So i think this situation is the same as the drop to $3200. But Bitcoin will properly not test lower as $7500-$7300. I'm surprised if it comes to $ 6100 range.
Consolidating around $8500-$7500 can bring a altrun or season. Lets follow this up.
Lets see what happend the next hours,days and weeks. I wil update this post. Like if u agree or disagree and share your idea! Good trading luck!
it appears that bears do not have the strengths to break 10.000 psychological support. I doubt if 10.000 would be broken due to the high anticipation and big hopes up until halving.
fluxus_trader
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IF a panic sell (likely cos... People) then what though? Need to keep minds on long-term aswell