Bitcoin After $30k Test
Bitcoin likely testing 30k support area of volume remains low and bears stay in charge.
Bouncing off and reversing (pink arrow) has lower likelihood than continuation to 24k... followed by support @ 18k.
Macroenvironment still presents risk-off in face of rising bond yields, tightening supply via asset reduction shortly after beginning rate hikes.
18k is not the bottom in a complete market meltdown.
Bouncing off and reversing (pink arrow) has lower likelihood than continuation to 24k... followed by support @ 18k.
Macroenvironment still presents risk-off in face of rising bond yields, tightening supply via asset reduction shortly after beginning rate hikes.
18k is not the bottom in a complete market meltdown.
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