Bitcoin has taken a step back and is considering its move to $6000. With vast amounts of pressure at $6400 (buying and selling point), I do not see any significant moves past this price for the next 2 months. Above $6000 there are several POCs (large daily volumes traded) which I am sure people will declare as Support or Resistance at some point on the future. What I know for sure is $6000+ will be the price where institutions (Big money players) will be buying more bitcoin and locking in profits they made along the way up from $3000. Looking at the weekly VWAP (solid white line) you can see that the move has started already, but that is not a strong indication that we are moving to the upside again. There has been some interesting news about Binance being hacked, which may drive the price down before the next bull run past $6000. On the chart, you will be able to the best value areas I have outlined if you are looking to buy. It is Inevitable that we will move past $6000 but be warned, the market is going to become very hostile as the big players will start to manipulate the markets by buying and selling in larger quantities, ensuring that they are in the best position for the next wave up. Take a moment to review the broken white lines as they are points on the chart which will provide significant buying & selling pressure.
Want to follow my journey? Click on the link below or keep supporting me on trading view.
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Next update will be next week - Thank you for your love and support.
Regards
Nathaniel - "The Value Trader"
Little Big Movement
Want to follow my journey? Click on the link below or keep supporting me on trading view.
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Next update will be next week - Thank you for your love and support.
Regards
Nathaniel - "The Value Trader"
Little Big Movement
