BTC As mentioned before, any rebounds into $75000, $76800, or $78300 will all likely be within the context of a post-breakout relief rally After all, Bitcoin has been in a…
Original source excerpt
#BTC As mentioned before, any rebounds into $75000, $76800, or $78300 will all likely be within the context of a post-breakout relief rally After all, Bitcoin has been in a sequence of bearish rete…
#BTC As mentioned before, any rebounds into $75000, $76800, or $78300 will all likely be within the context of a post-breakout relief rally After all, Bitcoin has been in a sequence of bearish retests of old Weekly supports into new residences And because Bitcoin Weekly Closed below 3 Weekly levels, any of these are candidates for bearish retests (recent red circle) And seeing as ~$73k has always acted as a weak, unreliable support (light blue circle) in the absence of capitulation on seller volume... It's very difficult to imagine $73k being the bottom and this level having the power to end the sequence of bearish retests that Bitcoin has suffered over the past few weeks $BTC #Bitcoin
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