I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?
Should we be talking about retracement now, correction of the bitcoin market price and the various seasons in considerations, the little dip we are having is not a show that we are already off the season, maybe we should instead be talking more about the market price for bullrun continuation instead of resentment, for now, we may be seeing it revolving around $90,000 and we cant concluded yet, we only need a more broader speculations for clarity towards the market direction, but i doubt we are in for bear now, rather the bullrun may continues with the kind of pattern its making.