BTC has been showing really no signs of weakness at all. The bulls are not backing down. Bitcoin's last 22% move really woke up the entire crypto market. All types of news sites had articles about Bitcoin's move. Those articles woke the general public (who watch or read news) back up to good things about crypto. I believe that was an institutional buy and and now retail is going to buy bitcoin up.
There is a large liquidity void from $4,500- $6,200. Which means price moves faster within those ranges. There are no S/R's throughout those levels. We have a bullish divergence and a break out of an ascending wedge. These are two very bullish signs. It seems overall strength of bitcoin is back.
There is a large liquidity void from $4,500- $6,200. Which means price moves faster within those ranges. There are no S/R's throughout those levels. We have a bullish divergence and a break out of an ascending wedge. These are two very bullish signs. It seems overall strength of bitcoin is back.
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