That feeling when you buy the the dip but it keeps dipping...and dipping...and dipping some more ๐ ๐
The market is bleeding today.
Should you be worried? ๐ค
Here are 3 reasons why bears may not win this battle in the coming weeks
1/ A 3-MONTH (& counting) BULL FLAG PATTERN ๐ฅ
BTC has been moving within a bullflag for 3 months now. These patterns tend to continue to the upside.
Possible reversal zones -
Price is currently at the major 65-67k area, which could offer support. If that breaks, 61-63k is the next potential support
2/ FOMC MEETINGS HAVE BEEN BULLISH ๐ค
We're heading into #FOMC , a major economic calendar event tomorrow.
In the last few months, the FOMC has aligned with key bottoms (credits - 0xGumshoe on X)
3/ WHALES ARE SHOPPING?
Around $1 Billion worth of $BTC was moved off Coinbase a few hours back - are whales out there buying?
VERDICT:
I'm team bull...and looking to buy this dip ๐คช
IMO BTC should bounce soon in the low-mid 60k's
What about you...
