Despite the recent rally fueled by First Republic Bank's woes, I believe Bitcoin will resume the bearish movement seen before the news. I'm still short on BTC.
Comment:
Recent price action shows that BTC is in a descending triangle. Depending on sentiments, BTC may break above the $29,200. If that happens, we'll see a climb to $30K.
Nonetheless, I still expect a significant downtrend before the close of the year.
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Nonetheless, I still expect a significant downtrend before the close of the year.