this could very well be in play. it respected this trendline today.
Catatan
a push back up to 68+ here would rekt a lotta leveraged bears and that would make the exchanges richer. so def an option if we dont see significant follow thru down out of this range tomorrow.
Catatan
it'll be fascinating to see how the rest of this week plays out.
Catatan
will it pump to 61 by the weekly close?
Catatan
slowly creeping up...
Catatan
a scenario where we double bottom in the next week or two to 50 again and then up is also very possible.
Catatan
what will the weekly close later today show us about the price of btc?
Catatan
pretty grim. looking to test the bottom of the pennant yet again.
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