$BTC going WILD. New highs reached that haven´t been seen for 19 months.
The Bitcoin price, when unleash, doesn´t understand of consolidation periods or pull-backs. Where traders in traditional markets would be taking short positions to consolidate the last pumps and increases, BTC just keeps going up.
The price rose exponentially in the last two pumps. Now, it is expected to make a pull-back to $7,550 and then keep going up if the volume puts a lot of pressure on $8,000.
However, the volume was incredibly high during the last pump. It might mean that a lot of traders are liquidating its positions and it could retrace to $7,550.
The Copilot
The Bitcoin price, when unleash, doesn´t understand of consolidation periods or pull-backs. Where traders in traditional markets would be taking short positions to consolidate the last pumps and increases, BTC just keeps going up.
The price rose exponentially in the last two pumps. Now, it is expected to make a pull-back to $7,550 and then keep going up if the volume puts a lot of pressure on $8,000.
However, the volume was incredibly high during the last pump. It might mean that a lot of traders are liquidating its positions and it could retrace to $7,550.
The Copilot