Bitcoin's next move!... The bulls hoped too early?
price has been following blue curve for over few months now, I was waiting for high of June to get a point to make the curve more accurate.
Seems like that was the one.
What I am expecting at this point is for the price to follow the blue curve, which could possibly end up with the price being at 30-32k this month.
Also there is a death cross upcoming (MA50 going below the MA200) which seems unavoidable at this point. Who knows where this will take us.
Bitcoin shorts have increased to over 25k, compared to 1-2k about 10 days ago. That's over +1500% increase in shorts. Related idea of that is linked below.
Seems like that was the one.
What I am expecting at this point is for the price to follow the blue curve, which could possibly end up with the price being at 30-32k this month.
Also there is a death cross upcoming (MA50 going below the MA200) which seems unavoidable at this point. Who knows where this will take us.
Bitcoin shorts have increased to over 25k, compared to 1-2k about 10 days ago. That's over +1500% increase in shorts. Related idea of that is linked below.
Comment:
As you can see every time it touched the blue curve BTC dropped by a lot, we'll see what happens.
Comment:
30k is the bottom IMO. I'll see if I can pull out a new TA in the next days.
