BTC could have a short-term pump to 19k before the FINAL dump
Since the FTX incidence, BTC had down 27%, It seems that we are currently in a correction wave. Nothing changes the sentiment being quite negative which will eventually bring us to a new low.
We have Powell speaking and CPI data coming out this week. As long as 17K holds position, I believe BTC will come to 19k in Jan.
Supporting area: 16825-16950
1st Resistance : 17330-17450
2nd Resistance: 18215
3rd Resistentce:18936-19137
Hopefully we will continue the downtrend after we hit the 19K area.
Cheers
We have Powell speaking and CPI data coming out this week. As long as 17K holds position, I believe BTC will come to 19k in Jan.
Supporting area: 16825-16950
1st Resistance : 17330-17450
2nd Resistance: 18215
3rd Resistentce:18936-19137
Hopefully we will continue the downtrend after we hit the 19K area.
Cheers
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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.