Rally attempts are constantly being sold off by greedy traders or those with losing positions. This will continue further until a major sell off.
My chart has various cases demonstrating an extreme short term bearish case. By short term we could also suffer in the second quarter of this year.
The game has changed... "If you're going to sell, I'm going to sell too. I ain't gonna sit down watch my portfolio to bleed any further..." That will be the upcoming thought process. The death blow is coming where earlier holders will dump.
But for now, there is a bullish falling wedge on the hourly, but it can only take us to around 8500 if we're very lucky. It will quickly get invalidated if we go below 7700.
We are now in the hands of the trading bots and futures market. BTC is now the "Digital Gold".
Lorenz_Capital
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nooo :'(
mohamedaminebenmalou
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I don't know exactly the name but the owner of the exchange which was hacked is selling all his bitcoins to refund money to his customers so whenever there is a pump he just dumps the hell out of the market