Bitcoin - The Price Action is setting it up for a steep fall . Having consolidated between 4500 to 60,000 since feb 2021 , the price action is suggesting we are in a distribution phase where the big boys could have or are on the process of exiting . The 47224 level is a crucial one , if it breaks we could see prices heading for 39115 which coincides with the 200 days MA.
All posts and charts are for educational and illustration purposes only
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