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armenakom
Jan 14, 2023 3:53 PM

BTC are within POC monthly, but there are risk for it too 

Bitcoin / TetherUSBinance

Description

From the chart, i've used the Fixed Range Volume Profile (FRVP) and from monthly chart it shows that Bitcoin is in Bullrun position, also at the price range of 17k to 22k are inside the Point of Control (POC) area that might explain why there are sudden bullrun recently. This area might be a rebound area for the price to continue bull run, but there are also some risk that if the market turn into another bear than i expected that Bitcoin will fall maximum at 14,5k area. Finger crossed🤞, lets hope for the best
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