BTCUSD is currently in a bearish continuation pennant. short-term target price is roughly $4035. medium-term, I see things going even lower than that (possibly to ~$3600).
To me this is a PBOC tric. Do you really think they ban exchanges after months work a while ago to KYC all the major exchanges? This is just a 2nd tier media fud assignment for china to buy cheap btc themselfs.
team_USA
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@jostitrade, is possibru. I don't think they'll actually be banning anything permanently. however, I still see bitcoin correcting to anywhere between $3600 to $2600 in the medium term. we need another significant correction before we can reach 5k+, we had a really weak double top towards that.