I analysed all the pullbacks from ATH's to local bottoms of the past 15 months and figured out that the current pullback, about 38% from BTC's latest ATH is quite a normal thing to happen. There have been smaller and larger pullbacks in the past but this one s fairly standard. Plus, it appears that BTC is going through a Wyckoff accumulation phase and the latest drop appears to be a test of supply whereby the price usually drops to the bottom of the trading range as set by the first selling climax which occured on 4/12/21. So following the text book and the usual patterns the price should continue to go back up again soon. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments