I expect Bitcoin to move lower over the next couple weeks and retest the low 7k levels. Many reasons why I believe BTC is showing weakness. You can see all my previous ideas on BTC. 9.5k level (.382 fib) was a major support during the descending triangle, which is now a major resistance. A retest of the low 7k range is the path of least resistance.
Now that you've been proven correct are you thinking this dip to just above the top of your blue support zone is close enough to buy now or are you expecting one more dip right into it? Or possibly have you reevaluated and made a prediction of an even lower low now? Thanks.
danborovik
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@World_Traveller, Short-term looking for price to range but if we don't see some key levels being retaken, then I won't be surprised to see 7k fall and the price find support around the 5k zone next.