Let’s look at the facts. Major institutions and billion dollar purchases have been dumping into btc recently. So what do you do if you have a million dollars in something and it goes up 10%? Take profits!! Of course. So price starts to dump down. But then what do you do if you realize price is looking cheap…you buy!! Of course. That’s the pump and dump of the short term moves in all of crypto especially BTC. So what you see going on right now and probably for the next few hours if not overnight and as asian markets open, is more slight corrective price action. But what will happen in the next day or two will absolutely blow the bears out of the water. If this move wasn’t going on right now we should all be worried. The fact that this very healthy and within chart analysis price action is going on should make a lot of HODLers happy. New highs here we come. Happy Trading!!
