Some throwback to the breakout is expected...
Bitcoin broke out and is now retesting the breakout...
For those getting worried about the price action of bitcoin, don't be, at least not yet.
The price broke out of a triangle pattern and is now retesting the breakout:
(source: https://twitter.com/rovercrc/status/1531966791194247168/photo/1)
This is completely normal and healthy price action and won't invalidate the breakout unless/until it goes below about $29k and more precisely $28k.
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Not certain this post is going to age well what with the vampire squids slurping every little bit of liquidity out the markets.
Like I mentioned above $29k is the area to watch to see if it holds, though technically $28k is the line where it all falls apart...