IS A BITCOIN SELLER MYSTERY SELLER SITS AT AT 50K STREET?
Updated
Hey guys,
This won't be long. If you are watching the price action in BTC since last week, we are basically creating a bearish wedge and divergence in RSI since last Monday. Whenever the price gets close to the 50k, it is like there is this mystery force not letting us go beyond it. This can imply that there is a big whale selling at the 50k. This whale should be really REALLY huge to hold the price down for so long in such a big market cap in crypto. I don't know how much ammo this guy still has and I am curious how much ammo bulls left with either. We might break down to 42k very soon. W a t c h O u t !
This won't be long. If you are watching the price action in BTC since last week, we are basically creating a bearish wedge and divergence in RSI since last Monday. Whenever the price gets close to the 50k, it is like there is this mystery force not letting us go beyond it. This can imply that there is a big whale selling at the 50k. This whale should be really REALLY huge to hold the price down for so long in such a big market cap in crypto. I don't know how much ammo this guy still has and I am curious how much ammo bulls left with either. We might break down to 42k very soon. W a t c h O u t !
Note
Hey all! It seems like buyers won this round. However, the struggle to break above 50k was a sign that the buyers are significantly hesitant to pay more for bitcoin. The likely scenario here is the flow of money from bitcoin to the alts which we are seeing right now. We should watch the market very closely and start to be fearful. Because everyone is becoming more and more greedy.
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