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Weekly Chart pointing towards reversal

jrcornel - 2024-03-17 21:43:24

Bitcoin might need to chill for a bit more still


It seems like the correction is over after this big bounce back.


But it may not be…


We are seeing a reversal candle printing on the weekly chart.


image.png


(Source: https://twitter.com/MatthewHyland_/status/1769455052081541237/photo/1)


This could suggest several weeks of pullback and consolidation before breaking higher again.