BTC 40,000 Resistance

٥ أغسطس ٢٠٢١

$40,000 seems to be the level to beat for BTC but as we just saw in a matter of minutes accumulation occurred below the 38k mark confirming again the massive bull flag formation. I believe with that flash buy sellers are being worn out by the hour. We can also see BTCUSDLONGS is picking indicating further buying from traders as well as long term buyers. Accumulation and other on-chain factors point only upwards. Wait for daily close.