Momentum has stalled on Bitcoin after failure to capture 98k. This area has strong supply and we are likely to see a negative week on Bitcoin after weeks of unprecedent price levels.
ABC correction is in motion. Leg A was from 99500 - 90800 Leg B was from 90800 - 98600 Leg B-C is from 98600 - 86000
My belief is that we will see Bitcoin come down to 86000 area - huge leveraged liquidations are at this level. Then we will gain more momentum at this level for the push back to 100k and beyond,
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With Bitcoin dropping - we will see alot of altcoins follow suit but with more blood. Be on the lookout for 10-15% price dumps. BTC has broken 94611 area.
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