Here is why:
- Extremely overbought
- Mark the date DEC 17, for some reason we always see major trend reversal on this date
- DXY found major support. The price of bitcoin is inversely proportional to the dollar:
Where can BTC find its new support?
- Possibly around 15K, 13K, or 9K region
How long will this last?
- Nobody knows, only chart will tell.
If this helps you, don't forget to throw a like.
All the best and manage risks.
- Extremely overbought
- Mark the date DEC 17, for some reason we always see major trend reversal on this date
- DXY found major support. The price of bitcoin is inversely proportional to the dollar:
Where can BTC find its new support?
- Possibly around 15K, 13K, or 9K region
How long will this last?
- Nobody knows, only chart will tell.
If this helps you, don't forget to throw a like.
All the best and manage risks.
Note
Looks like it's gonna reach 25k first!Note
Institutional money is very strong. There should be an outlier or a black swan for a drop.
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Related publications
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.