Seem like BTC will correction until the support around 51.000-53.000 to fill the gap and make higher low also match with Fibonacci 0.618 support area. Still in Bullish Scenario but for now is correction time. Wait n see confirmation before take position.
dont you think btc have been bottom, never go to 53k again
pandupratama7
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@Xiu-YoZ, Based on technical, BTC already double top so that's time to correction. Also 51k-53k is strong support area cause fib 0.618, trendline also classic support, trying to make higher low and fill the gap. Only time will tell. Everything can happen on the market.
Xiu-YoZ
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@pandupratama7 let see bro..😀 because at price 40.000(everybody want 38-39), but the truth?
pandupratama7
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@Xiu-YoZ, let's see but even though correction still in bullish scenario.
Xiu-YoZ
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@pandupratama7 yes, the point still bullish, but just for better entry in low price right? cheers
pandupratama7
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@Xiu-YoZ, depends on their trading/investment strategy. Some people buy low sell high also some people buy high sell higher (break out strategy). cheers
pandupratama7
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@Xiu-YoZ, Sell pressure is high.Seem like it will be happen.