over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
I think it is indicate the big dump is waiting for soon. So it will little pump in the market I am just lying everyone curiously waiting the future possibilities because crypto market is suddenly drop and suddenly raise so no one predict the exact possibilities. But everything should be recover in June or July it is my prediction if you trust my words keep calm.
I think this is another bull trap. I have a feeling that this is not sustainable. Actually we haven't seen bitcoin sustained is price run. The last stop are $11700 then it quickly drop. Now that we touch $11K again, it keeps on fluctuating from $11K then go down $10800. I hope though that it will not go down below $10K and that the resistance is strong along that price.
Let's see how it goes in the next couple of hours, otherwise it will be a good buying opportunity again. I will buy if the price goes below $10K or $9K, good buying points.
Well, anything is an option right now and you may not be far from the truth. I would not call it a bull trap yet or confirm the statement fully until we switch back and break the upper downtrend line we broke out from recently and dive back into it and with that, I will gladly turn back my bear hats on, but for now, I have a feelings the market is looking for a strong support for accumulation before we go back testing the upper resistances again which I believe by then, it would be easy peasy.