What is happening, is exactly what I was talking about in a previous Bitcoin post that you can find here.
Brilliant liquidation candle a small fakeout to the upside get people excited to open long and boom - dump!
However, Bitcoin stays relatively close within the descending purple line I drew!
It is difficult to say if the dump is over or is there another continuation dump. I think it all depends what traders will do.
We might have a breakout over the weekend or next week that follows!
Remember to Like, Follow, and use the Tip Button!
All the best,
Aventurine
