$BTC
The 12-week rebound looks solid, so a strong correction for a week is normal.
Currently, with oil prices crossing $100, it's a significant factor to consider.
Keep an eye on it, if the weekly candlestick breaks below 74-75k, that's bad news, guys. If it breaks, we might head towards the strong support level of 60-65k, and if that goes too, we're looking at 4x. That's the worst-case scenario, but I don't think the big players will let it get that bad; we might see a rebound back to 90k before any breakdown happens ^_^
What do you all think? Let's share thoughts!
#BTC
The 12-week rebound looks solid, so a strong correction for a week is normal.
Currently, with oil prices crossing $100, it's a significant factor to consider.
Keep an eye on it, if the weekly candlestick breaks below 74-75k, that's bad news, guys. If it breaks, we might head towards the strong support level of 60-65k, and if that goes too, we're looking at 4x. That's the worst-case scenario, but I don't think the big players will let it get that bad; we might see a rebound back to 90k before any breakdown happens ^_^
What do you all think? Let's share thoughts!
#BTC