BTC has taken the previous low of the last 2 retracements and tripled it, this has happened 2 times where it is clear,
IMHO BTC will move to a nor 15000 zone and then retrace , this converging with the potential re-appropriation of its asset class by US gov, could cause the FOMO created on last moves and the panic to make the reaction similar, don't expect it to be low for long unless the news is bad, at which we will probably retrace to the much awaited 3500 zone.
IMHO BTC will move to a nor 15000 zone and then retrace , this converging with the potential re-appropriation of its asset class by US gov, could cause the FOMO created on last moves and the panic to make the reaction similar, don't expect it to be low for long unless the news is bad, at which we will probably retrace to the much awaited 3500 zone.
Comment:
It seems we are completing the move, seeing as it topped expectations (not by much and due to the coinbase shutdown and pump fiasco) we should expect the correction to be rather intense (moving btc to a 12k price best case with anywhere below being the settling point .