I don't know what everyone is looking at thinking that Bitcoin is bullish here, but it's not.
We've formed a double top at $49 and now look set to fall much further.
I've marked off key support levels to the downside, but I think the most probable level for us to find support is at $25 or $17, but if things get really bad, we could make it all the way back to the sub $12 levels.
Let's see how the short idea plays out.
We've formed a double top at $49 and now look set to fall much further.
I've marked off key support levels to the downside, but I think the most probable level for us to find support is at $25 or $17, but if things get really bad, we could make it all the way back to the sub $12 levels.
Let's see how the short idea plays out.
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