Close Crossroads for BTC

23 Jan 2021

BTC is sitting in a critical zone riding two support/resistance lines, a sort of straddle position. The last low didnt make it down to the Fib reversal zone which I colloqially call the "Thirst Trap" give recent institutional perpensity to keep loading up on more coins each dip this week. Lets see if it doesnt get down there before performing a bounce higher or in the next hour makes a giant greek spike feeding some much needed FOMO bulls who have gone without water for their camel humps in the past 48hrs.