Let's see where we are in the market cycles.
BTC chart has a couple of parallel trend lines, and the price is near the last one. $18K is a strong demand zone, and it supported the price to stop falling in the previous month.
We are in a major pullback. It can't change to a bullish trend quickly due to the FED meetings and some news events.
So, we will probably have a trading range in these prices.
BTC chart has a couple of parallel trend lines, and the price is near the last one. $18K is a strong demand zone, and it supported the price to stop falling in the previous month.
We are in a major pullback. It can't change to a bullish trend quickly due to the FED meetings and some news events.
So, we will probably have a trading range in these prices.
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