Given the recent events with Chinese exchanges getting banned the decline was not as surprising as was the knee-jerk buyback reaction and the all time volume record in trading pushing the pair back to the original value in two days only, never underestimate the crypto bulls! I am very much bullish on Bitcoin myself, but we haven't seen the main trend support tested in the 3/1 Gann zone yet. BTC should be correcting towards the 2600$ zone before the uptrend resumes.
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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.