It's been a while that we had a 30% retracement and that is needed to maintain a healthy Bullrun. Look at the chart where we kept bouncing from the weekly 20 MA. This chart is a projection and is ONLY valid if start a retracement process at approximately ~$30.000 The 30% will line up with the trading range at 20k, The 20 MA, and the bullish Fibonacci target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.