So you are saying there is going to be a big dump coming before we break above ath?
sodae
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@DBrady0807, yep I agree as well
1) whales need to squeeze longs from retail.
2) bitcoin needs to move horizontally to make gap from the liquidity zone (the current top is 89k, but institutions want 100 - 250k) - liquidity zone was touched with last ATH, because this bull run is too fast and we need to slow down.
edit: last point: 3) we need make strong support at 47k where many institutions want to buy as well - it makes bitcoin much stronger than ever.
DONTBETHATPERSON
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@sodae, 500k bitcoin moved off exchanges as 47k. i agree thats the floor to watch for here.