BTCUSD Looks to be completing a bull trap and will likely drop to a $10,000 or $7,500 target before rebounding at all. Many technical indicators back this pattern up and make for a very convincing short.Bitcoin is possibly a good buy around these two targets, but definitely not before. Stay away if US GOV starts pushing for more crypto regulations. If that starts brewing we might see lower than $7500.
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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.