I have heard opinions that the earlier day's increases were too high, so we are getting closer to the end of the bubble. To change the sentiment "in the coming days" a correction is needed, and after 3 days there is a correction. I think that this correction may be deeper and even reach 30-40%. The chart shows the potential level of the exit, but you have to bear in mind that BTC could have already reached its ATH and it's time for a deeper correction.
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.