I think bitcoin may have reached enough resistance at S1 (roughly 40K) and is now consolidating. Many have speculated as to the reason for the sell-off, but it seems to me that is "normal" for crypto due to the fast and sudden rise. Investors should be ready for much larger drops compared to equities.
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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.