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Weekly gains look so ugly—bulls are really struggling—but if this can truly trigger the final drop, then afterward it’ll feel more comfortable.
Bitcoin looking no bueno.
Happy to be wrong here and see this hold as a bottom with a sharp recovery.
But looking at this weekly candle, it's hard to argue for the bulls right now. To me this reads clearly lower: mid to low 50s over the coming weeks, with a new range forming here.
The good part: this could be the last period of pain over the next months before we get an early new bull phase...