BTCUSD 1D - We've seen this before, will it play out again?
Updated
Last time this happened we ended up going right back to the start.
Last time we dropped off the clif was because of covid, this next time around might involve some new disaster with the dollar/debt bubble.
Just remember bitcoin doesn't exist in a vacuum.
If the market tanks again, there is no safe place for you money.
Daily:
Weekly:
We're in the 30-39k range of the shoulders, if we don't get a follow through with another bullish break, then anything can happen.
Last time we dropped off the clif was because of covid, this next time around might involve some new disaster with the dollar/debt bubble.
Just remember bitcoin doesn't exist in a vacuum.
If the market tanks again, there is no safe place for you money.
Daily:
Weekly:
We're in the 30-39k range of the shoulders, if we don't get a follow through with another bullish break, then anything can happen.
Note
If this larger correction plays out, target is 32,800
15 min
1 hour
Related publications
Disclaimer
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.