Happy Friday, Cryptocademy!
After two days of consolidation, sellers are trying to push cryptos out of their comfort zone with the help of the S&P 500.
Today’s issue will focus on a Bitcoin pattern that may foreshadow what’s to come. We’ll also discuss how US stocks could play a role in the price action later this month.
Plus, updates on BTC, ETH, DOT, ADA, AVAX, and VET.
Let’s get it!
A Glimpse Into Bitcoin’s Future?
Markets are starting to move, so I figured I’d dedicate the majority of today’s newsletter to the charts.
But before we get into the technicals, I want to reiterate something I mentioned on Twitter earlier today.
The recent selloff from Bitcoin has mirrored two previous occasions. Even the two days of consolidation are nearly identical.
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