I don't think it's crazy to think that Bitcoin might test the 200 sma and print a wick down there. Double bottom. There's always the chance and we have to be open to pretty much anything in the short term, this is crypto remember. I'd give it maybe 30% probability, because my bias is currently higher, but it's all this 30k stuff I keep seeing that I can't get my head around. Do people pushing those numbers realise how many long term supports would have to break to get down there? 30k is the SIX HUNDRED WEEK sma! Bitcoin went below the 300, marginally, for 9 weeks, once in its entire history.
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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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