BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
If the rally out of the current trading range fails, most likely BTC will dump and the current range was whales selling their BTCs to plebs (distribution in Wykoff's terminology).
BTC price will go down 6k ? Are you serious
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nagihatoum sandeep060
@sandeep060, if the rally out of this trading range fails, we can theoretically drop to 2k. I made 3 ideas why it can drop to 2k. Because a failed rally means that the whales have been selling their BTC to the pleb, and will buy from them again cheap, and the cheaper the better.
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Very good analysis.
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nagihatoum CryptoTrend-Alerts
@CryptoTrend-Alerts, thank you.
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