We're looking at what might be a consolidation for BTC until either a bearish or bullish breakout, the tug of war is never ending. If however we see a bearish movement, expect to see drops down to the 6k to 7k area, which would provide a nice buy-in zone. If we see some bullish movement we could be looking at a 10k-ish target area or now.
Note
While typing the commentary we so some testing of the support line. If it confirms my bearish comment is still valid.Note
We saw* (sorry for typo)Note
Bearish breakout confirmed!
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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.