C_E_O

BTC BIG MOVE

BITMEX:XBTUSD.P   Bitcoin
Seems we are right back to where we were in late January before the big push up. This time is interesting, we don't have the catalyst like we had when Elon twitted and Tesla broke news about purchasing. This was the driving factor in breaking some major resistance. Fast forward, we are again in a "correction" move and have recently broke under the 200MA and trend resistance, just like in late Jan. We have already retested the resistance which the market rejected. What catalyst will push it upwards? I truly believe we have run out of bullish news. We can see large selling pressure even though another round of stimulus has already been sent to Americans. There's a big possibility the whales have been selling right into the latest FOMO and we can begin seeing a larger dip towards 40K. The monthly close looks like it too will have a bearish wick showing lots of selling at these levels.
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