Bitcoin is at a very interesting level. I am very happy to see that my previous key level was met precisely. Overall I am favoring more downside movement I honestly feel like 3500 is definitely possible. HOWEVER I believe we may retrace to the upside first before continuing to the downside.
I do believe in order for us to finally see another bull run we needed to come test these lows and I feel we still have some more downside movement before we see that happen. I have buy stops set at various levels, remember Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.”
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