BTC/USD - Distribution before collapse
Short term is grim for bitcoin, which looks like to follow a distribution pattern.
I expect a drop until 9k but if it's not absorbed, then we will go to 8.2k or lower before trending bullish again for halving(assuming is not priced in).
A golden cross has happened and historically bitcoin has dropped signficantly after such event just to rise stronger and reach new highs.
I expect a drop until 9k but if it's not absorbed, then we will go to 8.2k or lower before trending bullish again for halving(assuming is not priced in).
A golden cross has happened and historically bitcoin has dropped signficantly after such event just to rise stronger and reach new highs.
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