quantmaven

Bitcoin to consolidate for the next couple weeks

Short
COINBASE:BTCUSD   Bitcoin
Bitcoin has touched the top of its upper channel at 58K and is due for a -30% correction which would bring its price to the next support of 41k. I'm then expecting the price to fluctuate in a range or triangle pattern over the next couple weeks. This is a great opportunity to get more to benefit from the next impulsive wave that should bring the price to 100K. Conclusion: short term bearish but long term bullish.
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