- Analyst KALEO says the bears are using BTC’s LTF pullback to try and convince others that the price will continue to fall.
- BTC is currently trading at $23,406.09, witnessing a fall of 0.12% in just one day.
- Indicators show that it is hard to examine BTC’s behavior at its current state.
Observing the trends of the market, crypto analyst KALEO took to Twitter to address that the bears are using BTC’s LTF (low-time frame) pullback to try and convince others that the price will continue to fall. The crypto analyst also advises the community that this movement is a simple breakout/retest before it continues to go upwards.
Source: https://coinedition.com/btc-shows-signs-of-consolidation-traders-show-signs-of-fomo-and-fud/