BTC will go down before it goes up

5 Mar

BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:

• BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
  
• Cyclically, ATH breakout occurs November of this year which is still 8 months away.
  
• Volume is low
  
• Orderbook has lots of sell orders at 70k.
  

15 Tem

Not

Looking good for October-November breakout

5 Ağu

Not

A significant support level has been reached. This is a great spot to go long

9 Ağu

Not

Sharp recovery from support

14 Eki

Not

I believe BTC has seen it's last leg of downwards consolidation and we will only see upwards movement from now on into the next parabolic run.

3 gün önce

İşlem aktif

Breakout. Next resistance 105-110k