BTC UPDATE Many top traders are expecting the Bitcoin (BTC) price to go down to 7k-ish (down to the main trendline) but as you can clearly see, the price has been holding above 8k. So why won't it budge and go down further? That is because we are likely on the corrective wave ((ii)) of the impulse wave 3. The lowest this corrective wave can go is 8070. In short, if price moves up from 8k, then it is going to 9700-10000. It also confirms that we are indeed on a new bull cycle that leads to 22k by end of this year.
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| author | bitman007 |
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