We have seen these massive sell offs before. These are signs of cycle reversal. BTC peaked at 51k and should start heading back down from here. There should be another bounce up to 50k before the big dip starts. Are we going see low 30's again?
Comment:
There is another scenario, which is also bearish. BTC could go down to 42k from here and rebound to 46 before going further down. One of these two scenarios will play out.
Trade closed: target reached:
Is it going lower?
Comment:
Finally broke out of its bearish trend.
