Re: Will BTC go back to $40K - $30K range before a bigger rally?
Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.
We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.
-cut-
Please make some effort when you are posting. Because "based on the pattern on the chart" it's also not going to correct itself, as that depends on what pattern you are looking at.We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.
-cut-
Chart is made of patterns, so without saying what the pattern is you could be just making it up. Also give it a moment. Not even month has passed since it broke 2022 ATH and is still above it, so what the hell is this talk of 40k-30k?
So please back that up with some technical analysis. 40k-30lk is too much for huge handle for a cup and i can't see such retrace with elliot wave (if you believe in such) or anything else that would make sense.. So maybe share a tradinview chart, because 40-30k sounds like numbers you drew from a hat.
Thank you for your response, and I'm sorry if I made you feel that way. You are my senior, so I respect your opinion and knowledge you shared. I'm no expert when it comes to the market but I just tried to share what I understood without knowing I would get attacked for it this way.
The pattern I was talking about was just that I could see Bitcoin hasn't been able to cross its recent highs and I just thought of discussing it with others in here.
I didn't know it's an offense to do that, I'm sorry.
