Massive correction. In just two weeks, #Bitcoin drops from $98K to $60K. Now, the 200-Week MA is beneath us, and it's all depending on the coming days/hours. Given that the hourly candle sub $60K was the largest volume candle, the assumption can be made that we hit the low there, for now. If prices can rally up slightly, we're going to see a large wick. Like we always see with capitulation events.$BTC
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In a blink of an eye, we went sub $60K.
Massive correction. In just two weeks, #Bitcoin drops from $98K to $60K.
Now, the 200-Week MA is beneath us, and it's all depending on the coming days/hours.
Given that the hourly candle sub $60K was the largest volume candle, the assumption can be made that we hit the low there, for now.
If prices can rally up slightly, we're going to see a large wick.
Like we always see with capitulation events.$BTC