The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
In late May, this level was retested as resistance. In the weeks that come, the $6-$6.5 area would likely pose stiff resistance to the price. The breakout past this zone was strong, but the reversal in August was brutal. The price crashed right past this belt and fell to the $3.6 demand area. This area was a bearish order block in July but has since been flipped to support.
The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow 10_beth_ she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years
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