A few days ago I said that bitcoin was undergoing a bearish confirmation, and the prediction was right. Longing BTC as of now is not a bad option for the long-term, however, do not be surprised to see BTC fall below 30k this week. Breaking back into the descending channel only confirmed my suspicion that BTC was being falsely pumped. 30k price retest incoming... If we fail, expect a visit to 19.8-20.5k range before the bull market returns.
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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.