bear trap or a bear market just started?
Bitcoin / Dollar BITFINEX:BTCUSD
Bitcoin shows in the daily candle big buying from whales and that 25-26k is the biggest buying opportunity.
, is it a bear trap? well if it gained volume and momentum to 40 ,000, then 80-90k is not out of the picture this year.
another scenario is bitcoin touching the 200 moving average as a support as it was a good support in 2019 + 2020 dip,
if bitcoin dipped to 20-21k which is highly doubtful.. that’s 68% downside from its ATH.
i will keep watching and got some cash a side it its ever touched that 21,000 to DCA
