Bitcoin Bearish Fractal Playing Out Right Now?
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In today’s episode, I share an update on whether Bitcoin is forming a bearish fractal akin to not just 2021 but also 2019. Bitcoin is showcasing all the necessary technical steps to developing this fractal completely and a potential relief rally right now is part of the process. The fractal assumes that a relief rally could now occur before rejection and further downside below $26k. So where could this relief rally end? The ~$27200 level is a Monthly old support which could flip into new resistance and is approximately confluent with the bull market moving averages. We also talk about the Lower High resistance and much more. Step by Step.
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