Bitcoin (BTCUSD) - Whiskers Away From Destruction
Perma bulls are screaming $250,000 whilst perma bears are hollering the top is in. Currently, we sit below $100,000 with $98,405 being the key resistance over the last few days.
Something BIG is brewing and it could take both buyers and sellers out of the market short term.
Whenever price action trades within a tight range like what we have been seeing for several of days, liquidity spikes tend to show its face; whether that’s to the upside or downside, it’s anybody’s guess.
But the question I keep asking myself is, where does the most pain lay? Trading back up inside the premium range or sinking down to discounted prices @ $88,000?
I guess time will tell…..
Something BIG is brewing and it could take both buyers and sellers out of the market short term.
Whenever price action trades within a tight range like what we have been seeing for several of days, liquidity spikes tend to show its face; whether that’s to the upside or downside, it’s anybody’s guess.
But the question I keep asking myself is, where does the most pain lay? Trading back up inside the premium range or sinking down to discounted prices @ $88,000?
I guess time will tell…..
ملاحظة
Mid-week analysis
No major movements as for now.
Price still below $98,405
Expecting lower prices
ملاحظة
With 12 hours remaining before the weekly candle closes, we are still trading inside of the tight range mentioned in last weeks analysis.
But with BYBIT being hacked for over
1BN recently, we could see displacement in the market if the situation escalades 
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.