Bitcoin broke out and is now retesting the breakout...
For those getting worried about the price action of bitcoin, don't be, at least not yet.
The price broke out of a triangle pattern and is now retesting the breakout:
(source: https://twitter.com/rovercrc/status/1531966791194247168/photo/1)
This is completely normal and healthy price action and won't invalidate the breakout unless/until it goes below about $29k and more precisely $28k.
Your post was upvoted and resteemed on @crypto.defrag
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Please check my new project, STEEM.NFT. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not certain this post is going to age well what with the vampire squids slurping every little bit of liquidity out the markets.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Like I mentioned above $29k is the area to watch to see if it holds, though technically $28k is the line where it all falls apart...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit