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This weekly chart shouts that we've just witnessed the capitulation candle on #Bitcoin
Doesn't mean that we can't consolidate here and test some lower levels.
But;
- Holding above 2021 ATH is a crucial level.
- This wick explains buying pressure, even during a weekend.
It's not going to be a quick reversal, but given the sudden bounce upwards, I think that $65-70K is the bottom area of the range for the coming weeks, but tests at $85K are definitely on the cards.$BTC