Next Bitcoin dip

2021년 6월 7일

My first post about this bear market was Btc heading to 40k, now we are looking at a range but I have the feeling market movers won’t let the price bounce from here, why? We can still see and smell too much enthusiasm and hope in the market still, market movers need liquidity to buy back again = people panic selling which still hasn’t happened, we believe we have much more educated or informed people but there’s always a price that will make them liquidate their positions

Even though we don’t have an ascending triangle the uptrend in the 4h chart it’s becoming weaker and weaker, and the downtrend it’s coming closer to a continuation

First drop we are expecting it to see at 28-32k then panic selling to around 21k and then just people who has turned from bull to bear market might push it to 14k