It's been more than a month now, Bitcoin is in a correction phase.
We saw what looks like a doubledip, or AB=CD kind of pattern.
Currently the market is sitting on the low side of this downwave, and it is still vulnerable to new selling pressure.
However, we keep our eyes on the 13.052 level, if price can break that, it will signal the "official" end of this retrace period, and the bulls will be able to party again!
We saw what looks like a doubledip, or AB=CD kind of pattern.
Currently the market is sitting on the low side of this downwave, and it is still vulnerable to new selling pressure.
However, we keep our eyes on the 13.052 level, if price can break that, it will signal the "official" end of this retrace period, and the bulls will be able to party again!