We can see on the 4H chart where the market was manipulated by large volume changes in the past 24 hours. An inverse cup and handle can be seen being formed; this tells me the market has become once again bullish and the previous correction is due to disappear from our line of sight. I expect bitcoin to rise to a level of 10.4k by valentines day, (funnily enough...
Bitcoin is showing some bearish momentum with potential to move down to $7128. If price does move to this price point, we may see price even trade lower after a retracement.
SL - 8118.16
TP 1- 7128.57
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