X @Michaël van de Poppe
Michaël van de Poppe·2026-02-08 18:30
This weekly chart shouts that we've just witnessed the capitulation candle on #Bitcoin.Doesn't mean that we can't consolidate here and test some lower levels.But;- Holding above 2021 ATH is a crucial level.- This wick explains buying pressure, even during a weekend.It's not going to be a quick reversal, but given the sudden bounce upwards, I think that $65-70K is the bottom area of the range for the coming weeks, but tests at $85K are definitely on the cards. ...