I was looking at this pattern for another chart and realized this could match with BTC's sharp price action if it keeps this up. If we accelerate to 3-4k in the next couple of weeks(As we are currently on pace for), this could be something to keep an eye on.
Note
The descent has slowed, but this is still in play. Might play out slightly longer than I projected
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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.