"I'm considering a long-term buy on BTCUSD. The reason for this is that on the daily chart, it recently hit a Buy-Side Liquidity (BSL) zone at around 31,200 and experienced a significant drop. Currently, it's approaching the Sell-Side Liquidity (SSL) zone at 24,792. I anticipate that it will either bounce back after touching the SSL or after completing a retest....
On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have.
Bitcoin's rise this week may come as a surprise to most but it is no...
