As you saw, Bitcoin crashed on 27th December. However, the settled price area had very little liquidity. This caused Bitcoin to crash again on 5th January, where it dragged the price down to the sub $40,000 level. After wicking down to the higher $39,000 area, Bitcoin seems to have absorbed back the required liquidity for a bounce back up. I expect this pair to retest resistance areas at $45,450, $47,390, and $49,370.
Note
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💎 Telegram Channel: t.me/MonoCoin_Public
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.