There is a correlation and I tend to think that BTC will be in danger of moving lower if it doesn't close above 30k by the end of the week. I think options expiration is close and by then I don't think some of the investors will want to wait any longer for more buyers.
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I have no doubts it will go lower. It keeps on getting rejected near $30k.
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Yea it's in consolidation stage and if the buyers won't show up, then the traders will probably dump it and wait for a lower level.
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These traders are like sharks...
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