I feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo.
this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty.
I feel we need to get past the key fib levels on this retracement to regain strength other wise its back down in a bearish continuation either to 44k or lower.
If it cant pop out of these levels and have a go at the 52k resistance, the market is over all in a bearish range.
this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty.
I feel we need to get past the key fib levels on this retracement to regain strength other wise its back down in a bearish continuation either to 44k or lower.
If it cant pop out of these levels and have a go at the 52k resistance, the market is over all in a bearish range.