Ivan Bracho
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The 117k will be the end of the bullish cycle. The FOMO will be at an extreme level with the illusion of 120k or more, everyone talking and knowing about BTC, and it will be the end. The market moves to a very well-planned psychological level. It kills cycles, as Greg Quiroga calls it, in the trend of the weekly chart in technical analysis that fits with the sardine trap.
The drop from the peak (approximately 117K) would be down to 75K or 65K, creating a double bottom and bringing the RSI to the lower part for overselling. It would be a better opportunity to buy and position in Long for the medium and long term.$BTC
The drop from the peak (approximately 117K) would be down to 75K or 65K, creating a double bottom and bringing the RSI to the lower part for overselling. It would be a better opportunity to buy and position in Long for the medium and long term.$BTC
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