What does this mean now?!
Bitcoin broke out, but now pulling back into the previous range...
What do you think this means?
At first this pullback looked like a bull flag...
(Source: https://twitter.com/rovercrc/status/1511694647780904961/photo/1)
But now, as the pullback gets deeper, what is it?!
If we can hold up around the $44k in the near term, not so bad, but if we go much lower than that things start to look bleak.
It could soon print a bull trap with a fake breakout.
If that were to happen I'd expect the price to re-enter the prior consolidation area, which is between $32k and about 44k.
If that were to happen, the odds would then favor an eventual break to the downside...
Which means, we need to hold up here!
Bitcoin has proven itself a lot of times! I think bitcoin has a promising future and will be worth it to invest.
https://cryptoaanbod.nl/
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Oh! No! Just bought some! Then it came down to 43K! Hold!