7d (edited) • Market Updates 📊
The Bitcoin Blues
End of summer light trading has Bitcoin stuck in a range. We can see support in the $62k range, judging from our 'Buy Order Blocks' in Green.
But with low volume, we can't trust any of these moves.
Today's pump was likely short covering.
Bitcoin could mount a rally here, and if it breaks $66k then $70k is in the cards.
But I maintain we'll still drop to the $50k range by Sept / October for the lows.
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The Bitcoin Blues
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