This paints a target of 5k. Which has been a long term target for me since earlier in the year. While we hit the upper levels recently, I see us hitting 5k and probably breaking under it at some point during this bear trend.
Obviously this could easily be invalidated after such a large downward move, btc is being thrown around by big boys with deep wallets and low liquidity. Despite this, btc is still recovering form a bubble so fundamentally and technically I remain bearish until the end of the year at least even if these steep sell offs are appealing to buy into for bounces.
Obviously this could easily be invalidated after such a large downward move, btc is being thrown around by big boys with deep wallets and low liquidity. Despite this, btc is still recovering form a bubble so fundamentally and technically I remain bearish until the end of the year at least even if these steep sell offs are appealing to buy into for bounces.
Trade closed: target reached:
Carnage.
