As you can see we have a downtrend line in daily chart view , and cannot back to uptrend untill break this line validly .
according to the volume , it shows us bitcoin whals start to buy in the deep (30000-35000) , and atleast we'll see a pullback to 40000 area (dynamic resistance).
after achieve to 40000 we'll have a short term sell pressure and the price will make a range area betwenn 30000-40000 .
But when will bitcoin and Big whales back ? please look at the history of price , when the price dump after 63000 in april 2021 , bitcoin has about 100 days downtrend ,
and now after dump in Nov 2021 maybe in middle of Feburary we'll see Ending of 100 hell days bitcoin price by a big daily candle and make a major pivot for strong movement to 50000-53000 area !
Good Luck ;)
according to the volume , it shows us bitcoin whals start to buy in the deep (30000-35000) , and atleast we'll see a pullback to 40000 area (dynamic resistance).
after achieve to 40000 we'll have a short term sell pressure and the price will make a range area betwenn 30000-40000 .
But when will bitcoin and Big whales back ? please look at the history of price , when the price dump after 63000 in april 2021 , bitcoin has about 100 days downtrend ,
and now after dump in Nov 2021 maybe in middle of Feburary we'll see Ending of 100 hell days bitcoin price by a big daily candle and make a major pivot for strong movement to 50000-53000 area !
Good Luck ;)