As I predicted before, Bitcoin is shaping a local bottom (see links below)
In the composite man indicator, the power of sellers is still high. But what is decisive is what will be the level of this local low? If Bitcoin breaks the $ 45,000 support/resistance level, the previous high level ($ 48160) was probably an UPTHRUST (trap), otherwise, we would face an approved breakup.
In the composite man indicator, the power of sellers is still high. But what is decisive is what will be the level of this local low? If Bitcoin breaks the $ 45,000 support/resistance level, the previous high level ($ 48160) was probably an UPTHRUST (trap), otherwise, we would face an approved breakup.
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for onchain analysis check the idea below:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.