Bitcoin to fall back to $30k? Analysis 24 October 2021
It seems Bitcoin has hit a high. If the weekly candle closes with a pinbar, we might expect a pullback of Bitcoin prices as with the new Bitcoin ETF, I assume there will be some investors who would want to cash in their holdings.
The problem is, this will become a double top formation. if this is a double top then, we might expect Bitcoin to fall back to $30k which we shall see again if there is a "buy the dip" from Bitcoin investors.
The problem is, this will become a double top formation. if this is a double top then, we might expect Bitcoin to fall back to $30k which we shall see again if there is a "buy the dip" from Bitcoin investors.
Comment:
Pin bar completed.
