Last week BTC took a dip to the 17$k region for a day. Which produced a significant FUD in the market as BTC fell below its last bull run ATHs. However, currently after regaining the 20k region, there is again some positivity in the market. But it seems it is just a trap. we are just going to hunt some buy stops and trap all retail longs. Ultimately moving towards either a retest of 17k region or towards 15-14k regions.
Considering the global Macroeconomic situation and how the U.S markets are performing 15-14k region won't be surpising in the coming days or weeks.
In short, this is a price area where we should play safe.
Please don't forget to share your thoughts and have a good day.
Considering the global Macroeconomic situation and how the U.S markets are performing 15-14k region won't be surpising in the coming days or weeks.
In short, this is a price area where we should play safe.
Please don't forget to share your thoughts and have a good day.