Let's be real BTC.USD was and is a little overbought right now. We need to see a healthy market correction and flatline for substantial future growth to prove the maturity of this market. I do not think we will go past 20,000 and or even 15,000. BTC.USD still mainly driven by humans unlike other markets will see the price of BTC drop to a psycological level of 10,00 and probably hold.
Reasons for Sell:
Price is overextended.
Traders will be more likely to not follow FOMO.
Healthy correction is needed.
Price drove up to quickly
Reasons for Sell:
Price is overextended.
Traders will be more likely to not follow FOMO.
Healthy correction is needed.
Price drove up to quickly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.