Bitcoin is currently on a downtrend and following a falling wedge, do not be fooled by these relief rally's that are currently going on. Smart money has left the building and is sitting in USDT or other fiat coins. How to lure the smart money back in? lets get a historical swing high to swing low from previous bullruns which comes to a correction of 70%
Supported by trendline of the ATH from late 2017 and the one month battle to break it in november 2020 this will act as heavy support and a major buy zone if it gets anywhere near there.
Whale money doesnt seem to be interested in these levels as the decline continues.
Also supported by trendline from november 18 it seems to be following the path.
Rest assured there will be another bullrun and it will be even bigger than the past runs we have had.
We are dealing with alot of FUD but BTC has overcome it all before and will be even stronger moving forward.
Plan your buys close to the low 20k area and accumulate as much as you can there, just be patient and do not fomo in ALT coins at these levels because BTC dominance is rising and the ALT coins will bleed alot.
DYOR!
Supported by trendline of the ATH from late 2017 and the one month battle to break it in november 2020 this will act as heavy support and a major buy zone if it gets anywhere near there.
Whale money doesnt seem to be interested in these levels as the decline continues.
Also supported by trendline from november 18 it seems to be following the path.
Rest assured there will be another bullrun and it will be even bigger than the past runs we have had.
We are dealing with alot of FUD but BTC has overcome it all before and will be even stronger moving forward.
Plan your buys close to the low 20k area and accumulate as much as you can there, just be patient and do not fomo in ALT coins at these levels because BTC dominance is rising and the ALT coins will bleed alot.
DYOR!