Worst case and probable downside targets
As BTC Longs surpassed all time highs this past week which was set back at the end of December 2019 then leading to a drop off at those levels between January 2nd and January 4th starting the bull market and the most recent uptrend from $7K to 10.5K levels. Now that we have created a new all time high again with BTC long positions and have begun downtrending from...
After a weekend bloodbath Bitcoin finally gets a significant pullback as liquidations of leverage positions ensue. Look for continued downside pressure to start the Week and support at the Fiboncci $9,438 level before we continue our upside bull rally Tuesday into Wednesday.