mxc111

BTC - few sellers but where are the buyers?

GEMINI:BTCUSD   Bitcoin
Technical:

Since late January BTC has had three lower highs - looks like a bottom may have formed

however, bullish signs are weak

Market context:

IMHO there are very few sellers left, hence the bottom. But the buyers have not come back yet when they will BTC enters an uptrend.

Status:

sideways channel with a bias to the upside

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