Bitcoin has dropped hard but should we be worried?
Todays dump to $29k was as usually manipulation but nothing out of ordinary on the daily BTC has dumped to support level. Technically or bullishly speaking the dump should already be over and tomorrow we might see green candle as big as the red one!
In my personal opinion this is a perfect spot go long! Of course if BTC breaks bellow the line that would definitely be no good! I think this is a spot where the market is watching what majority of traders is going to do, so don’t go in over leveraged!
The hourly chart shows a pattern formation and In about 8h we should have a clear view where the price will most likely be going!
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