Bitcoin is currently in a downtrend according to the weekly chart. I believe that we haven't touched the bottom yet and there is more a lot of bleeding for BTC in the upcoming months.
My target point is 10,200 approximately -38% of the current value and from there we could see a potential bull run as a lot of people will be willing to buy at that price.
Like this post and let me know on the comments what you think about this idea.
DISCLAIMER: This is not financial advice!!!! This is just my personal analysis and my opinion on how BTC is going to move.
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