- Bitcoin price pulls back to $17,130 after a 3.3% drop.
- A continuation of the downswing is likely, until BTC reaches $16,500.
- Invalidation of the bullish thesis will occur on the breakdown of the $15,984 support level.
Bitcoin price shows a clear start of a corrective wave in its journey to retest a critical hurdle. This pullback is necessary as it allows buyers to recuperate and kick-start a new leg-up.
Bitcoin price sticks to the plan
Bitcoin price has rallied…
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