The Dump is Coming
Diupdate
based on this analysis, it seems like Bitcoin is likely to drop to the 22k-21k range in the coming days.
The Cypher pattern is a popular technical analysis tool used to predict potential price movements based on certain ratios between price points. In this case, the pattern suggests that Bitcoin has completed a bullish trend and is now due for a correction.
Looking at the recent price action, we can see that Bitcoin has been trading within a range for some time now, and it has struggled to break out of the upper boundary. This indicates a lack of buying pressure, and with the recent negative news surrounding Bitcoin, it's likely that we'll see a bearish move soon.
Moreover, the 22k-21k range is a significant support zone for Bitcoin, and it's likely that buyers will step in at those levels, which could provide a base for the next bullish move.
In summary, based on the Cypher pattern and recent price action, it's likely that Bitcoin will drop to the 22k-21k range in the coming days. However, this could provide an opportunity for buyers to step in and push the price back up. As always, it's important to keep an eye on the market and adjust your strategy accordingly.
The Cypher pattern is a popular technical analysis tool used to predict potential price movements based on certain ratios between price points. In this case, the pattern suggests that Bitcoin has completed a bullish trend and is now due for a correction.
Looking at the recent price action, we can see that Bitcoin has been trading within a range for some time now, and it has struggled to break out of the upper boundary. This indicates a lack of buying pressure, and with the recent negative news surrounding Bitcoin, it's likely that we'll see a bearish move soon.
Moreover, the 22k-21k range is a significant support zone for Bitcoin, and it's likely that buyers will step in at those levels, which could provide a base for the next bullish move.
In summary, based on the Cypher pattern and recent price action, it's likely that Bitcoin will drop to the 22k-21k range in the coming days. However, this could provide an opportunity for buyers to step in and push the price back up. As always, it's important to keep an eye on the market and adjust your strategy accordingly.
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just a time for Dip
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