Bitcoin Tests $10K As Support, Where Does $BTC Go From Here?
Do bears really think it'll be that easy? I think we're seeing a mini-$6K again with $10K as support. We'll get a few bounces making a descending triangle that takes us to $6K as the new "bottom" and $10K becomes the new $6K. This is the scenario that takes us there.
I'm only 60/40 leaning bearish slight short term, full-blown bull long-term. I expect healthy downside, but whales won't make it easy, and will dangle the short carrot all the way down in a slow, controlled-decent with lots of altcoin trades in between.
Bullish scenario is included, but I give only a 20% chance of first green arrow, 30% chance of second green arrow, and 50% chance of breaking lower.
I'm only 60/40 leaning bearish slight short term, full-blown bull long-term. I expect healthy downside, but whales won't make it easy, and will dangle the short carrot all the way down in a slow, controlled-decent with lots of altcoin trades in between.
Bullish scenario is included, but I give only a 20% chance of first green arrow, 30% chance of second green arrow, and 50% chance of breaking lower.
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