This chart is based on what BTC has done so many times in the past.. (I feel like I keep making the same Chart over and over again. Weekends have low volume, and offers BTC a hiatus from selling pressure per contemporary markets.
Market makers, mining cartels, institutions (whales in general) can use their own bitcoin as collateral to markup price in futures to attract buyers in spot (liquidity) to sell into. Consider it doesn't matter how much bitcoin is worth if there isn't a buyer available to sell to without dramatically dropping the price. (part of this is speculation)
* this chart contradicts a recent chart that I posted, in that it merely moves forward the eventual markdown.
* this Chart should not be traded around, it is not a trading signal it's entirely speculative based on Fibonacci and what BTC has done in the past.
Happy Easter
Good luck and best regards
Market makers, mining cartels, institutions (whales in general) can use their own bitcoin as collateral to markup price in futures to attract buyers in spot (liquidity) to sell into. Consider it doesn't matter how much bitcoin is worth if there isn't a buyer available to sell to without dramatically dropping the price. (part of this is speculation)
* this chart contradicts a recent chart that I posted, in that it merely moves forward the eventual markdown.
* this Chart should not be traded around, it is not a trading signal it's entirely speculative based on Fibonacci and what BTC has done in the past.
Happy Easter
Good luck and best regards