Bitcoin/dollar closed the week at $19,290, down -6.2% week on week. Prices have reached comically low levels, and it seems like all those who said they would buy are now waiting to buy lower. After 7 months of brutal downwards price-action without a single sustained relief rally, one really begins to wonder what it will take to break the spell.
For high-time-frame levels
of interest, check out last week’s newsletter as nothing has really changed, and I’d like to avoid fluff or filler content.
On lower time-frames, BTC/USD has yet to dictate whether it will set a Monday range to work with, or if it will begin this horrendously overdue high time frame relief rally or short squeeze (call it what you will).