Bitcoin / TetherUS

Old BTC Chart Playing Out

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So far it looks like this old chart of mine is starting to play out pretty well with demand zone pretty clearly around the 36k mark. I think this could be the first major support level we hit, but the bounce may be short lived and keep traveling down to 19k as a low. However, from an elliott wave perspective, right now it seems wherever we find the local bottom, we will be moving up sharply.

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