BTC has risen 27% from the 6200ish bear run, where its strength is not shown in the other altcoins. Looking at ETH where almost its entire chart past-2018 has followed BTC quite closely, it has fallen even as large volume is invested into bitcoin. Looking like whales and institutional investors pushing to close out certain short/long positions and also close futures positions for massive profit. The new BTC ETF is coming and could have put some retail money to support this large raise to keep going. If enough FOMO and money is stabilized into BTC and hopefully all of crypto catches along, the green path upwards can contiune and face new resistances.
If BTC doesn't and gets shaken out from all this manipulation then...
If BTC doesn't and gets shaken out from all this manipulation then...
- Yellow paths downward to test bull power and see if historical supports will hold.
- Red path if BTC gets shaken and thrown too hard downwards and needs to find solid support.
If bulls don't push through hard at the triangle then this all could have been a bull trap.