My TA backs my thesis up as well. BTC is not mooning because BTC has not shown any strong patterns that indicate a rise in price on the daily. I believe that bitcoin is still in its decent and we really just have to wait for new all time lows to predict exactly when and where this selloff will stop. There is a possibility BTC will get a at around 6k, but I doubt that. Even if BTC does stop at 6k, that still means bitcoin will drop down from where its currently at, 8.3k. In the next few hours, we could see BTC ride to the next Fibonacci line at around 8.5k. I believe that bitcoin will stop its rally there because there is previous resistance that it will not overcome with ought massive .
Anyways, that's my 2 cents on bitcoin today.
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