In my update roughly 2 hours ago, I warned if bitcoin dropped below the $6,115 support, it’d likely break down to AT LEAST $5,800. Within 60 mins of that update, bitcoin dropped to $5,540. Price has since bounced back to $5,700.
Bitcoin has FINALLY broken out of the tightening range it’s been in for so many months. This means we’re entering into a new pattern…which is exciting! Clearly a catalyst has been needed to start the bull run everyone’s been waiting for. Since we’ve had no ETF approval (yet) and no major market moving news, the only thing left to bring in new buyers is for price to drop low enough to attract new money. The question is, has that now happened?
In this video update I discuss, where price may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.
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