Bitcoin has been dancing in the 29k to 31k range for about 2 weeks now, showing continued selling pressure at the 30.5k level.
As much as a pullback/relief rally feels eminent and almost logical, I don't see any type of confirmation for that type of move. Logically speaking, a play down to the sub-30k level, even to sub-29k, seems likely. However, I'm not trading anything at the moment.
Would like to note that the longer we range here, the bigger the up/downside move we should see.
As much as a pullback/relief rally feels eminent and almost logical, I don't see any type of confirmation for that type of move. Logically speaking, a play down to the sub-30k level, even to sub-29k, seems likely. However, I'm not trading anything at the moment.
Would like to note that the longer we range here, the bigger the up/downside move we should see.