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BTC Update: BITCOIN MAY CRASH!!

koko_koala

2022-01-06 (08:24:54)

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Market Instrument: BICUSD
Timeframe: Multiple
Analysis: Technical
Structure: Head and Shoulder
Prediction: Bearish
Bitcoin has reversed after a fake higher high laddering towards 52k. As I mentioned earlier through my analysis price has got
back towards 42k after failing to breach the 52k resistance. Here the chart shows a very strong and clear bearish setup with the potential of another price decline towards the 30K support where it may be foreseen after a breakout on the neckline of the picked-up structure.

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Catto Bibi_profile-image

2022-01-06 (10:25:16)

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It might go down for a while but I don't think it would plummet.

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