Last time we'll see Bitcoin at 30k?
As I mentioned in my last post: https://steemit.com/bitcoin/@blazinga/a-big-drop-on-bitcoin
I didn't expect Bitcoin to drop lower than 29.5k, it hit 30.5k briefly and then quickly went back up. Some are blaming the uptrend on El Salvador approving the bill to make Bitcoin legal tender in 3 months, and while I don't deny that having an effect I still think this is the usual wykoff model in effect.
Trader P4ul0skar on TradingView has a good idea of how this could start moving for the next week:
Expect some sideways actions here at 35k, maybe even some dips during the weekend but after that we should be in the clear to get back past the 40k ranges.
How's your positions looking, Steemit?
Stay safe,
Blay
