BTC will go down before it goes up
Aggiornato
BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:
- BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
- Cyclically, ATH breakout occurs November of this year which is still 8 months away.
- Volume is low
- Orderbook has lots of sell orders at 70k.
Nota
Looking good for October-November breakout
Nota
A significant support level has been reached. This is a great spot to go long Nota
Sharp recovery from support
Nota
I believe BTC has seen it's last leg of downwards consolidation and we will only see upwards movement from now on into the next parabolic run.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.