BTC still in its bullish structure in a way that a local correction is always happening on its way up. Being in the local sideway range which is previously expected at 47-48k but we got a slightly touch roughly to 46,6k.
The accumulation days are expected as well since small volume slowly coming in and BTC may break the lower major zone below 47k and come back to the sideway range as trying to reclaim in the 50k zone as Vwap provided.
So in order to continue the bullish structure, a consolidation period is still expected for BTC, some long/short hunting is also expected to happen. Some fuds from England just brings someone fear but the money flow from the market made some more confident and BTC sill with its bullish structure, bullrun ahead is inevitable!
The accumulation days are expected as well since small volume slowly coming in and BTC may break the lower major zone below 47k and come back to the sideway range as trying to reclaim in the 50k zone as Vwap provided.
So in order to continue the bullish structure, a consolidation period is still expected for BTC, some long/short hunting is also expected to happen. Some fuds from England just brings someone fear but the money flow from the market made some more confident and BTC sill with its bullish structure, bullrun ahead is inevitable!
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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.