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More from Economic Insights for Traders

Bitcoin continues its indecision between 40K and 33.5K. I wrote previously that if 40K cannot be decisively taken out, then the 33.5 or the 30K supports are likely to be tested again. The lower high established at 40K is in line with the potential bearish momentum continuation pattern scenario. Lower highs often lead to lower lows (unless the market can prove otherwise). https://www.tradingview.com/chart/BTCUSD/h43zgcJM-Bitcoin-Will-30K-Hold-Again/

More from Economic Insights for Traders

Bitcoin continues its indecision between 40K and 33.5K. I wrote previously that if 40K cannot be decisively taken out, then the 33.5 or the 30K supports are likely to be tested again. The lower high established at 40K is in line with the potential bearish momentum continuation pattern scenario. Lower highs often lead to lower lows (unless the market can prove otherwise). https://www.tradingview.com/chart/BTCUSD/h43zgcJM-Bitcoin-Will-30K-Hold-Again/