Bitcoin has bounced strongly this week after the massive selloff but there is plenty of supply to flood the market with, waiting for a rebound, which is due to move BTC to the 7K level. But the 30-and 90-day forecast is far from bullish, as, currently, BTC moves in a descending channel. Expecting price to do a slight buy then go lower until 4838.42. 1 Month: Expecting price to push higher to 11215.38. 1 Quater: Expecting price to do a slight buy then go lower until 1235.83.
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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.