In the past bitcoin
has fallen back to the 382 very often. This key level either resulted in btc
continuing the trend or reversing. Major factor is the double top
pattern, when this occurs and btc
test the 382 it more often than not breaks that level and makes a deep retracement. Right now we are leaning more towards a double top
pattern. Which would implie btc
is going to retrace lower. But with btc
we never know, so if tether switches on the printer it can still hold the level and bounce up ;).