Since BTC was at 20k$, because of the tail risk created by the previous parabolic growth, a huge swing to drop it 50% (to 10k) was expected, as last 3 dips in BTC were around 50% each time. But it happened with a large delay, 1 month later. That made Bitcoin lose its strength and enter in a wide range where trend became uncertain. Bulls rejected the support level at 10k and BTCUSD is going up now. Good news it that this correction discharged tensions created by the exponential growth dendencies, but first I expect to hit a resistance level somewhere below 17000$ if not below 14000$
Yorum:
Maybe it is too early to say that we have a resistance level at 12k$. We have to wait and see. Probably it doesn't have enough steam to cross right now above 14k anyway.
Yorum:
Resistance confirmed at 13000$.