Bitcoin reversal and when to buy back (long term view)
Bitcoin reversal and when to buy back (long term view)
A bounce from the mid-range is possible, but we expect the final destination of this correction to be near 50K.
The rationale for this is
1. average buy line from short-term holders
2. massive liquidation lines
3. full or partial profit-taking by whales holding ETH and altcoins
4.There are many whales that have not yet sold all of their volume, and there is a high possibility that it will fall again after reaching the liquidation point around 75K.
A bounce from the mid-range is possible, but we expect the final destination of this correction to be near 50K.
The rationale for this is
1. average buy line from short-term holders
2. massive liquidation lines
3. full or partial profit-taking by whales holding ETH and altcoins
4.There are many whales that have not yet sold all of their volume, and there is a high possibility that it will fall again after reaching the liquidation point around 75K.
Comment:
Split buying of several Ethereum whales begins.
Comment:
Liquidation Heatmap
50K(Highest volume) - 59K - 74K
These three positions are important and will help you predict the price scenario.
50K(Highest volume) - 59K - 74K
These three positions are important and will help you predict the price scenario.
