The price has formed a horizontal channel with the lower border at $ 56,500 and the upper border at $ 60,000. The overall view is bullish as long as we stay above $ 56,500. I still expect BTC to hit the $ 70,000 level. Now we can only see small jolts.
The market is full of newcomers who trade futures and don't know the rules of the market.
This is why these little jolts cause so much panic.
The general situation is fine and deserves no fear.
Graphic: https://it.tradingview.com
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
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