On the Bitcoin 1W chart, we can see a clear resemblance of a Wyckoff distribution that could cause BTC to have a healthy retest, at least to the $30,600 area, in the upcoming weeks. I personally don't believe we will go below $25,300, as coming up to the halving, a significant drop like such would be very rare.
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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.