What is Scenario for Bitcoin?
Bitcoin has been moving through a channel. The midline is respected in its recent price hike so a short scenario seems to be more probable.
This analysis also illustrates the vulnerability of price linked to the very low volume supporting this current price hike. The POC depicts a very low price target for Bitcoin.
#BTC. #Bitcoin
Bitcoin has been moving through a channel. The midline is respected in its recent price hike so a short scenario seems to be more probable.
This analysis also illustrates the vulnerability of price linked to the very low volume supporting this current price hike. The POC depicts a very low price target for Bitcoin.
#BTC. #Bitcoin
Why did it happen? because there was no volume to support price hike. Volume dropped dramatically from 24th March comparing to its previous average. And, never reclaimed the same volume level up until today.
As outlined above, the price target is now sitting at POC where it belongs to :)