Bitcoin Update - Where is BTC Headed - Bear or Bull?
We saw a small bounce yesterday back up to the 6.5k range but now we have dumped back down to the 6.1-6.2k range.
Since we have broken the $6,250 price where Bitcoin previously bounced to 8k, we are most likely heading down to the 5.8k support and the bear targets of 5500 and then finally the 4800-5000 range is likely.
There is also a possibility of a few smaller pumps and dumps before a move down to the targets the supports.
Whether we pump or not, we are not bullish by any means and a pump should be seen as a short opportunity.
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I'm not quite sure if we could cut-off-values from the past right now to determine BTC's value in the near future. I am still convinced that the cryptocurrencies and especially BTC have more potential on the longer run. HODL HODL HODL
@thecryptokid-yt, I do not understand anything written