This is coming straight out of my ass, but I think we oscillate b/w 12k and 5k until Q4.pic.twitter.com/OH9sNdeuD2
I cannot, as expressed in the first part of my tweet. This post was merely meant to convey that a bear market doesn't necessitate going straight down, it's also choppy, and I see 12k and 5k as the extremities of said chop given the respective strength of supply and demand
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It's not a 7k chop. They're the extreme points, ergo, I don't see price breaching them to either side. This could very well turn back at 8k, which is still the first test for any sustained bullish movement. Also, where d'you think the demand came from for the last rally to 10k?
End of conversation
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