Bearish Outlook still favourable
Bitcoin manages to sell off, as analysed from the previous analysis. However within the 4hr and 1hr timeframes, a bullish pullback will be dominant as a way of erasing the bearish pressure. Within the D and W frames, the crypto is still ranging. As of now price action may oscillate between 106k and 91k.
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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.