Bitcoin seems to be in another "decision time" moment and this could propel bitcoin towards a hard rejection towards $8k or another retest of $10,000. Either way, price-interaction with both these levels will dictate what btc does from there. I don't see $10,000 holding as resistance again if btc revisits this area. In the same sense, I do not see $8,000 holding as support either for a variety of reasons. This is a make it or break it for the bulls. Neutral but prepared for both scenarios. If btc breaks bearish, it's just delaying the inevitable.
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Nothing I say here or anywhere is financial advice. Take care of your money.
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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.