We see Bitcoin moving lower after it consolidated below the key psychological $10000 level despite our view that there is significant long term upside potential. However, whilst Bitcoin is below $10,000 we see it dropping back towards support at $8,500 but it could rebound if equities continue pulling back as the cryptocurrency is seen as some form of safe haven.
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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.