Expecting a bounce, at the very least...

in #bitcoin2 years ago

Not a pretty chart but I expect a bounce at the very least

Nothing goes down forever, and that includes bitcoin.

Bitcoin has gone down in a straight line for months now, which means, we are due to bounce:

image.png

(source: https://twitter.com/rovercrc/status/1539663975784148992/photo/1)

The macro environment is terrible, but everyone is on the same side of the trade, short.

Which means...

Bitcoin is likely to do the opposite and bounce to the $28k area in the coming weeks...

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