Follow the ARCS on this chart. Price will likely stay within the HEAVY MAGENTA arc level and collapse back to levels below $6000 over time. Unless some event drives price higher, the reversion trade to levels near or below $6000 is the most likely outcome.
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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.