This is an update from my last post explaining it a little better.
Using Seasonality from the last 2 mid-term election cycles (2014,2018) The average rise of BTC from April 10th to April 24th in those 2 years was 39%. That would put BTC at $54.5k in the span of 12 days from now. Pools of liquidity close to the $54.5k price are at $53k and $55k so there is a reason for Market Makers to visit that area.
Thats all I have for now so if you see BTC price creeping up into that area remember this idea.
This is my idea and not financial advice.
Using Seasonality from the last 2 mid-term election cycles (2014,2018) The average rise of BTC from April 10th to April 24th in those 2 years was 39%. That would put BTC at $54.5k in the span of 12 days from now. Pools of liquidity close to the $54.5k price are at $53k and $55k so there is a reason for Market Makers to visit that area.
Thats all I have for now so if you see BTC price creeping up into that area remember this idea.
This is my idea and not financial advice.