Bitcoin is forming a potential double top. The first top has been formed and the 2nd top is waiting for a break below the neckline of 44.6K in order to get confirmed. If 44.6K is broken, then the technical target of the double top is at 42.5K. Price is testing the neckline of 44.6K right now, so it will be very important for bulls to hold here. Be prepared.
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@Clevortrevor, Lets see, one step at a time, even before 42.5K, we have 200MAs on the 1H tf at 43.5-44K, which seems to be holding for now.
ItsThePipsPeeps
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.... darn I hope a reversal is not about to begin.... even a few weeks or months going sideways will help investors get their feet beneath them an restrategise.
cryptotraderog
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@brianmeaney, i think that even if we have a pullback, it shouldn't be a huge one. but lets keep an eye out.