It looks like BTCUSD has been in an ABCDE formation. The long run support line and the current price can meet around $7.0k around June.
If this formation is real then we need to consider a potential inverse flag formation, which is a scary scenario.
It is only a possibility but still needs to be take into account. $7k is still likely a possibility.
If this formation is real then we need to consider a potential inverse flag formation, which is a scary scenario.
It is only a possibility but still needs to be take into account. $7k is still likely a possibility.
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very close to the target range.
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dump continues...
