After a clean break of ATHs, Bitcoin is now consolidating a…
After a clean break of ATHs, Bitcoin is now consolidating and trying to establish support. The previous ATH has provided a healthy reaction so far, however after a 500% move I would expect a lengthy correction where lower support levels get revisited.
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If the $250 zone doesn't hold as support, levels I would be looking for a reaction at are ~$180 and ~$120.
As a reminder, the Genesis hard fork takes place on Feb 4th, which can bring some additional volatility.
https://www.tradingview.com/x/YGpt87kN/