Bitcoin can't procrastinate much longer...
The move is coming and should arrive by Monday at the absolute LATEST, if not today or tomorrow. Bitcoin has to decide and choose a direction. We are squeezing into the point of this triangle and there's just no room left. When the move comes, it's going to be a $700+ move and it will be so fast that you'll literally go to the fridge for a beer, come back, and find the price above 10K or under 8.5k (ie, approaching top blue box or bottom blue box).
There are far more bearish indicators than bullish indicators at the moment (all covered already here on the TV ideas section so no need to rehash) but that certainly doesn't mean it has to go down. AS ALWAYS, it can go either way and there will ALWAYS, in retrospect, be a TA-based rational explanation for the move.
This is really BTC at its best and purist! 50/50 situation; seemingly endless consolidation period now flattening out completely; convincing TA-based arguments for both directions; anticipation driving retail traders insane; endless debate about the direction of the move, etc...
And yes - it will ultimately come down to what the traditional stock market does.
If you're playing it: good luck!!
There are far more bearish indicators than bullish indicators at the moment (all covered already here on the TV ideas section so no need to rehash) but that certainly doesn't mean it has to go down. AS ALWAYS, it can go either way and there will ALWAYS, in retrospect, be a TA-based rational explanation for the move.
This is really BTC at its best and purist! 50/50 situation; seemingly endless consolidation period now flattening out completely; convincing TA-based arguments for both directions; anticipation driving retail traders insane; endless debate about the direction of the move, etc...
And yes - it will ultimately come down to what the traditional stock market does.
If you're playing it: good luck!!
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