DrJLT

Bitcoin sharp bounce at $9k before the final destination?

BITSTAMP:BTCUSD   Bitcoin
This video extends my previous ones on Bitcoin.

The last idea in which I suggested the possibility of a descending triangle was invalidated by the quick drop below $10k.

Volume is finally picking up, but a couple of days more are likely before the said sharp bounce can take place. An exact estimate of the location is virtually impossible. All supports above 7k are weak.

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