Looking at the distal trend, BTC is heading towards a key resistance area:
According to data on the Glassnode chain, tight price analyzes have led to large fluctuations in the price of the cryptocurrency. In the context of the current discussion, the Bitcoin price range of interest is the 30-day range, which is simply a measure of the percentage difference between the highest and lowest prices the asset has observed. . in the previous month.
When the value of this metric is high, it means that the cryptocurrency has seen a significant degree of swings between highs and lows set over the past 30 days. Such a trend implies that the asset has been experiencing high levels of volatility lately.
BTCUSD
SELL 30000 - 30200 💯💯
✅ TP1: 29500
✅ TP2: 29000
✅ TP3: 28500
🛑 SL: 30700
According to data on the Glassnode chain, tight price analyzes have led to large fluctuations in the price of the cryptocurrency. In the context of the current discussion, the Bitcoin price range of interest is the 30-day range, which is simply a measure of the percentage difference between the highest and lowest prices the asset has observed. . in the previous month.
When the value of this metric is high, it means that the cryptocurrency has seen a significant degree of swings between highs and lows set over the past 30 days. Such a trend implies that the asset has been experiencing high levels of volatility lately.
BTCUSD
SELL 30000 - 30200 💯💯 ✅ TP1: 29500
✅ TP2: 29000
✅ TP3: 28500
🛑 SL: 30700
