This move is getting weaker & weaker and posting lower highs similar to the China pump.
I'm expecting this to slow bleed and ultimately dump to about 6k.
I believe we will go sideways and chop there for a few months before eventually breaking the downtrend in confluence with the halvening and finally going into a full on bull market.
The chart is pretty self explanatory but couple this trend with big players exiting large positions on this pump I believe we're seeing short term distribution.
I'm expecting this to slow bleed and ultimately dump to about 6k.
I believe we will go sideways and chop there for a few months before eventually breaking the downtrend in confluence with the halvening and finally going into a full on bull market.
The chart is pretty self explanatory but couple this trend with big players exiting large positions on this pump I believe we're seeing short term distribution.