This move is getting weaker & weaker and posting lower highs similar to the China pump.
I'm expecting this to slow bleed and ultimately dump to about 6k.
I believe we will go sideways and chop there for a few months before eventually breaking the downtrend in confluence with the halvening and finally going into a full on bull market.
The chart is pretty self explanatory but couple this trend with big players exiting large positions on this pump I believe we're seeing short term distribution.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.