Zoom out to weekly candles, the reality is clear that bitcoin is in a long long downtrend.
Another thing is clear is there is some repeating pattern hear, with crazy pumps followed by dumps.
Each time though the pumps are weaker and weaker.
I don’t know anything but I’ll predict is bitcoin breaks the $7300-7500 support it’ll be free falling until Bitfinex and Tether can print some more USDT and pump market, then the cycle repeats.
Another thing is clear is there is some repeating pattern hear, with crazy pumps followed by dumps.
Each time though the pumps are weaker and weaker.
I don’t know anything but I’ll predict is bitcoin breaks the $7300-7500 support it’ll be free falling until Bitfinex and Tether can print some more USDT and pump market, then the cycle repeats.