The unexpected crisis from the collapse of FTX further created FUD on DAX speculation of collapse of cryptos causing panic among investors selling or withdrawing their crypto. But, being chartist and trend follower, BTC looks more in forming a bullish cup pattern. However, nothing is certain until it happens. My prediction is BTC has found bottom and consolidating before making next rally to test resistance level 30,000.
As Warren Buffett put it: “The stock market is a device which transfers money from the impatient to the patient.”
Disclaimer:
Non-financial advice, only for educational purposes.
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