Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure of Bitcoin was bearish on higher timeframes December’s lows at $16,256 could be tagged before a move higher, but should you buy the dip? The sentiment behind Bitcoin has been fearful […]
in recent weeks, and this could see a violent move in the coming weeks. A move downward could force large liquidations, and help form a long-term bottom. At the time of writing, the market was bearishly biased.Source: BTC/USDT on TradingView
BTC bounced between the $17k mark and the $16.4k area multiple times in the past two weeks. Since mid-December, after the drop from $17.8k, the market structure took a bearish bias as the higher low at $17k from 12 December was broken.
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