I've noticed that with the recent BTC price pop, it has formed simmilar pattern as it did when btc was topping on a larger timeframe. Patterns look identical more or less, and is a blueprint for me to say that we could have another small pullback that could even take us a bit lower but not by much. 29k technically will hold as most of the shorts that were opened at the top have already close so we are just experiencing last flush. It will be over soon.
Imagine the euphoria in altcoins that is to come to the market when prices finally break up after being suppressed for that long. It is gonna be amazing.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BTCUSDT
Imagine the euphoria in altcoins that is to come to the market when prices finally break up after being suppressed for that long. It is gonna be amazing.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BTCUSDT
Comment:
Just for the record, BTC can still drop more than 12% lower than it did in Jan 22' and still not breaking below Summer of 2021 lows. So not to worry in case we capitulate down to 30k. It just what happens as an over laveraged asset enters a bear market.
