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RE: Bitcoin Daily Update (day 198)
Definitely seeming aligned with the trend but what do you think will be needed in order for this downtrend to be reversed?
Definitely seeming aligned with the trend but what do you think will be needed in order for this downtrend to be reversed?
Some good old fashioned capitulation. If we break $5,750 support then the fear will set in and people will start panic selling into strong support. Then we will get a volume spike which will mark the bottom. The other option would be to continue to range between $5,750 . - $7,000 for another 6+ months.