Is Bitcoin on a Distribution or Accumulation range?
Updated
I made this analysis of Accumulation and Distribution ranges on Bitcoin.
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?
On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines.
Or it can make a spring bellow the range and push up to a new level above new all time highs.
The question is: We are now in a Distribution or Accumulation Range?
What are your opinions?
Note
As we can see after the first time this analysis was published. It made a spring below the distribution range, and an uptrend inside the range going to break the creek - resistance of the range. Which can confirm this can be an Accumulation range, and price is heading to new highs. Next expansion level at 85k
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