Bitcoin 6month reversal?
6 month candle closing today with a very strong wick to the upside highlighting significant sell pressure. Consider the chart of bitcoin altogether this has to be the most bearish 6 month candle bitcoin has printed in its history and could mean some downside over coming months.
Previously we saw on the covid drop the buy pressure with a strong wick to the downside before bitcoin took off to 64k. We could be painting a similar picture but in reverse?
This bearish candle could be negated by a strong 6month candle close with a full body closing into a decent portion of the wick, something we will have to see at the end of the year.
Previously we saw on the covid drop the buy pressure with a strong wick to the downside before bitcoin took off to 64k. We could be painting a similar picture but in reverse?
This bearish candle could be negated by a strong 6month candle close with a full body closing into a decent portion of the wick, something we will have to see at the end of the year.
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