Bitcoin going lower after WXYXZ 4th wave completion

11 thg 1, 2022

As shown on chart we have completed a complex WXYXZ sideway correction showing clear weakness, with no buying momentum being seen; characteristically, low volume and slow price action. The current level price action sits at is key orderblock; however, the weakness and price action observed suggests we will test the key buying area of the $36800-37400 orderblock where there is great reason for the bulls to show up.

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