This are in my opinion the most likely btc scenarios. I'm still bullish in the long term. Also for the whole cryptopmarket. In my opinion this is just a healthy correction and we shouldn't panic that much.
In one year bitcoin did go 20 times up. People saying crypto and btc is over, bubble is clapped etc. Comeone be realistic, we can't always go up. We go two steps up and one down. We did go 20x in a year. Now we have a 50% retracement, that's normal.
In one year bitcoin did go 20 times up. People saying crypto and btc is over, bubble is clapped etc. Comeone be realistic, we can't always go up. We go two steps up and one down. We did go 20x in a year. Now we have a 50% retracement, that's normal.
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BTW. I will post my most likely bitcoin scenarios every week :)
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Looks good, it loks like we get support on the 10k range.
My feeling: lots of traders on tradingview are focussing the 8k range. But I won't see it happen upcomming days. Sell volume is dropping. There not much people that want to sell at this point. If we want to see the 8k or below, we need momentum, so in the short term I think we will test the 13-13.5k range first. Because most of the current bitcoin holders will not sell at this price. They will take the risk of dropping to 8k.
My feeling: lots of traders on tradingview are focussing the 8k range. But I won't see it happen upcomming days. Sell volume is dropping. There not much people that want to sell at this point. If we want to see the 8k or below, we need momentum, so in the short term I think we will test the 13-13.5k range first. Because most of the current bitcoin holders will not sell at this price. They will take the risk of dropping to 8k.
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Great guys! Slowly moving in the falling wedge. Volume is declining! The bear-market will be over soon. I think the bearmarket is not more than two weeks.
