Description
⋅ With a big move to the downside in the past 2 days, worth commenting on possible price action over the coming weeks.
A drop below the 4H cloud (imminent) could see a sustained decline back down to previous ATH (all time high) around $1300 before finding firm support.
That would make for a very strong launch pad and price continuation (think $5,000 bitcoin.. then $10,000)
Waiting for the cloud to hold or break...
Current drop in price will bring a new wave of buyers looking for a 'better price'.