bitcoin shows in the daily candle big buying from whales and that 25-26k is the biggest buying opportunity.
, is it a bear trap? well if it gained volume and momentum to 40,000, then 80-90k is not out of the picture this year.
another scenario is bitcoin touching the 200 moving average as a support as it was a good support in 2019 + 2020 dip,
if bitcoin dipped to 20-21k which is highly doubtful.. that's 68% downside from its ATH.
i will keep watching and got some cash a side it its ever touched that 21,000 to DCA
, is it a bear trap? well if it gained volume and momentum to 40,000, then 80-90k is not out of the picture this year.
another scenario is bitcoin touching the 200 moving average as a support as it was a good support in 2019 + 2020 dip,
if bitcoin dipped to 20-21k which is highly doubtful.. that's 68% downside from its ATH.
i will keep watching and got some cash a side it its ever touched that 21,000 to DCA
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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.