Bitcoin has been trading relatively bearish over the last month. However, this appears to be normal trading behaviour after a new all-time high has been made.
As seen on the chart, BTC did the same thing two cycles ago. Make a new ATH by ~7%, and then dump ~33%. Not sure whether we will dump 33% this time due to diminishing returns theory.
Looking at this fractal, bulls have little to wory about. We've seen the dump before and will likely see a new ATH in the coming month.
Will we drop further? New ATH soon? Share your thoughts 🙏
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.