Hello traders
In previous days, significant events reversed the bitcoin trend, including SEC and Binance and federal Reserve Powell Speech.
We predicted that the price needed a correction in the previous post.
As you can see in the chart, the price corrected itself to the 0.618 Fibonacci level and now might consolidate over the weekend.
On the On-chain side,...
Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests.
In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.
Amid widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of...