Bitcoin / TetherUSShort
BTC Time for a proper correction
BTC seems to have topped out as previous highs have been strongly rejected, as indicated by the large red volume bars.
Reasons of concern:
- Strong bearish trend on the RSI
- High selling volume
- Increased media attention for Bitcoin
A conservative price target would be at the supporting trendline and historical support level of $8750.
Reasons of concern:
- Strong bearish trend on the RSI
- High selling volume
- Increased media attention for Bitcoin
A conservative price target would be at the supporting trendline and historical support level of $8750.
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