AdvancedPlays

Market Crash - BTC Double Top

Short
BITSTAMP:BTCUSD   Bitcoin
I had been expecting a run to $100k soon, but I now believe it's no longer in the cards. It'll have to be after this new downtrend we're about to enter. BTC had a nasty double top near ATH and has now given up the 69K -$70k area which is critical in my view. I expect any retests of this area to fail. The breakout appears.to have hit a wall as BTC had a big negative reaction to the spike in treasury yields on Friday.

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.