btc made a nice big pump to 48k, for now its uncertain where its heading, it used up all the resources to go up quickly, also shorts are at minimum for couple of month now (since july) , real drop with shorts increasing didnt happen yet there are 2 most likely scenarios, going down from here, or going to 50k and then down.
right now its 50-50
from 50k down i think is going to be 75% that its going to go down to go up from 50k its going to need a lot of buy power which is exhausted right now
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.