I believe that bitcoin is going to drop near 8k levels within the next week or so. I believe these bitcoin shorts helped this correction get started and are also creating panic among new buyers. Bitcoin needs to drop more to show people that this has sustained growth which will attract an abundance of new money in the markets therefore pushing us past 25k levels in the first wave.
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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.