Bitcoin sideways movements continues, but the bulls seems to be resilient in the past week holding price above 3800 level. I don't expect price to turn bearish from here in the short/mid term, I still look forward to that push towards the 4200 area again, and a possible break above that area to the 4700-4800 area before grinding down.
Either way, I still believe the bottom is not yet in, BTC has further downside to go in coming weeks/months. What we are seeing right now is a calm before the storm, and we saw this happen at the 6000 level. If history is to repeat itself, we definitely will see a below 2k bottom before a clear reversal of trends IMO.
Either way, I still believe the bottom is not yet in, BTC has further downside to go in coming weeks/months. What we are seeing right now is a calm before the storm, and we saw this happen at the 6000 level. If history is to repeat itself, we definitely will see a below 2k bottom before a clear reversal of trends IMO.
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