Bitcoin Correction Coming?

٢٣ نوفمبر ٢٠٢٠

According to Willy Woo, number of Bitcoin days destroyed is spiking right now which tells us long-term holders are off-loading their bags. This, coupled with the fact we've had two fairly large sell-offs in the last 48hrs seems to suggest there's a lot of indecision right now.

I hope bulls can pull off another surging breakout but I'm getting the feeling that things are overheated right now. I'll be watching to see if prices fall to $18,220 ( top green bar) and close beneath it. This will confirm to me that the short-term trend has reversed.