After the 69k rejection many were still bullish. But down trend has been shown and formed after the rejection. We meet 40k once again and may face another down fall if this support fails.
I suspect that there may be a slow run up to 45k if we don't break it i suspect that there will be a noticeable dip
neyus
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@JIMMBO_WINBO, yea everyone should be ready for that situation!
JIMMBO_WINBO
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@neyus, I don't know where you exactly sit on the aisle, bullish or bearish. However, for the sake of bouncing an idea or two, this might be a bit of a dumb thing, but I suspect that the bulls might have another run in a week and a half. I suspect it might be due to some external events, but I can't put my finger on when their little run to ~44.3k/44.8k will begin. However, the bears do have some historical data to back them as well as the fact that most western markets are starting to dry up with liquidity
neyus
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@JIMMBO_WINBO, welp.... what a fall... But the run up still can happen.
JIMMBO_WINBO
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@neyus, lol at this point, there's like a roughly ~10% chance it could happen. I guess most folks are praying Bitcoin does a derpy Bitcoin thing to return to 40k+ but the smart ones have definitely got their eyes on the money still shorting the crap outta her
neyus
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@JIMMBO_WINBO, I've been shorting alts yea... I just have no idea when BTC will bounce at this point
JIMMBO_WINBO
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@neyus, Do you think it will hit 29K any time soon or do you reckon it will bounce sooner?
neyus
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@JIMMBO_WINBO, No idea.. i just know support is 37,332k.. and if that breaks its the 29k-30k support left. Don't get me wrong I want to long but I'm also a trader so I'll go short if I have to. I already closed a short in profit and just watching.. I've already set a limit buy for long, on alts tho. But of course, super dependent on BTC because it moves the market.