- Profit Blue tweeted that BTC could rise to 17.5K and fall to 10K forming double tops.
- BTC started in the green area last Monday but is currently trading in the red area.
- Higher-high registered by BTC has been followed by sideways movement in the regression trend.
Twitter crypto advisor @profit8lue, tweeted that there was a high chance of Bitcoin coming back to $17,500-$17,700 and then tanking hard to 10k, forming a double top in quick succession.
Additionally, Profit Blue predicted that this move of BTC would manipulate many traders.
#Bitcoin update:There is a high chance price moves back up to the 17500-17700 area then drop hard to 10k. This move will be quick and could manipulate many traders and in the process price will print a double top pattern that could look like the one below. pic.twitter.com/hMUQLZ3x3e— PROFIT BLUE (@profit8lue)
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