Community post
Bitcoin most likely short term outlook
As seen in previous bear trends this year highlighted in gold, after a long dump we will need some sort of consolidation before another drop,
some believe we will bounce up high from this area, I do not.
after we test 5800 I expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.
follow for updates
Replies (3)
@cryptofeed101 Pretty good.
Btc is testing the 6548 area if we break that area we should see a nice short squeeze follow through, we could however go down to make a higher low first.
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