$80–82K Next?
I warned about this a few days ago. After the rally we saw last week, it’s not surprising to see a bit of a correction. Greed in the market had been building up to the highest level of the past 12 months, so it’s only a logical consequence that we see Bitcoin dip from the $79K level we reached, currently trading around $77K.
What wouldn’t surprise me either, though, is seeing the bulls attack the next hurdle at $80–82K within the coming days. We’ll see if they can break through it this time. Maybe we need another attempt.
But one thing is clear: the bears have suffered a huge blow this week, and Bitcoin has made its comeback.
