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RE: BITCOIN Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE
I don't think we'll go much higher on this move, volume has completely dryed up yet price's been going up, usually a sign that a correction is incoming.
Yeah...the lack of volume on that spike a couple days ago is a clear sign of manipulation. I think MM's are trying to scare people out of their short positions...but retail is getting wiser. The standoff is getting comical. I'm betting on a retest of the $6,310-$6,370 order block. From there I think we'll either see a bounce above the $6,540 resistance, or a collapse to test the prior $6,110 low. I'm ready either way.