This weekly chart shouts that we've just witnessed the capitulation candle on #Bitcoin. Doesn't mean that we can't consolidate here and test some lower levels. But; - Holding above 2021 ATH is a crucial level. - This wick explains buying pressure, even during a weekend. It's not going to be a quick reversal, but given the sudden bounce upwards, I think that $65-70K is the bottom area of the range for the coming weeks, but tests at $85K are definitely on the cards.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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