Bitcoin is way over extended on multiple time frames. Even bulls are turning bearish. There's now plenty of room to capitalize on the downside. On a bullish side theres still room to go up. Im would say there's possibly 45-50k top and you will laugh. but the bottom of this run will be 8k. Looking at ma location on 1m and 1w charts its pretty clear. Also take a look at yfi price movement 45k down to 8k yes that happened. The main reason for the tanking will be news with tethers court issues. Possible regulatory actions from the US. Look at xrp .50 to .17 off of news of delisting. Id rather not trade right now, theres just too much risk at this point. Thank you for reading and hope you have success in the future.
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