theeverythingbubble

BITCOIN The Countdown To An Epic Capitulation Sell Off Begins!

COINBASE:BTCUSD   Bitcoin
Everyone calling for either 12,500 or 8,500. After a 4.38x move off the lows of the bear market in a matter of a few months, everyone thinks we will just continue up. The buyers aren't there right now. Historically, Bitcoin gets pulled to the 135D SMA. That is currently coming in at around 7,500. The RSI also hasn't dropped as far as it did for most of the lows during the last bull market. I've seen people say that we've never had a correction greater than 41% so we won't now. Well, we never had a massive move like we've had over the past few months, so to see a bigger correction wouldn't surprise me. People saying they will be "shocked to see Bitcoin go below 8k." Well, here we go, or at least I think. This move if it happens will shock everybody. The countdown begins...

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