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I believe we are in a huge bull trap and bitcoin is about to drop 30%. Bitcoin price dropped down to $47k as everyone was shorting down to the 20wma. We all saw what happened, bitcoin price immediately started pumping so whales and exchanges could liquidate shorts. That was the first trap, the second trap is our current btc price pump which has made people bullish expecting more upside.. I think this is a short squeeze and bitcoin price is currently topped out. I show in this video what the 3rd bull trap is and how it will playout which is very bearish. I expect bitcoin to start dumping and when people expect the price to pump, we will have another bitcoin crash. This ties into the US Stock Market due for a major correction soon in 2021 if not a crash. I use chart technical analysis to give price targets for support and resistance levels as well as points to predict major moves for cryptocurrency and stocks. I give price targets for btc, eth / Ethereum, ltc, litecoin, xrp / ripple, bnb / binance coin and Dow Jones / DJI.
Website to access these live charts: https://opticalartcrypto.com
This is not financial advice! these are only my views and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.
#Bitcoin #BTC #Cryptocurrency
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