From Euphoria to Technical Analysis of Support: #BTC Structural Support: $83,280.00
Weekly candle still up more than 3%
Bank of America: After surging more than 14% in a week, a pause or slight pullback is considered «healthy profit-taking.» $173.2 million settled in #bitcoin , Of which 144.4 million are Bitcoin long positions. Profit-taking.
Everything seems to indicate that this is a pullback. There has not yet been a structural reversal.
Our Thesis:
Recovery: $85,710.00
$BTC
Weekly candle still up more than 3%
Bank of America: After surging more than 14% in a week, a pause or slight pullback is considered «healthy profit-taking.» $173.2 million settled in #bitcoin , Of which 144.4 million are Bitcoin long positions. Profit-taking.
Everything seems to indicate that this is a pullback. There has not yet been a structural reversal.
Our Thesis:
Recovery: $85,710.00
$BTC
