Bitcoin is in a Wyckoff accumulation, where the big whales will manipulate the price by doing a two-sided liquidation.
In first option (Green Line), the price will rise to 110k to liquidate the bearish bettors, and then fall to 85k to liquidate the bullish bettors
In the second opition (Red Line), the price will fall to 85k to liquidate the bullish bettors, and then rise to 110k to liquidate the bearish bettors.
In first option (Green Line), the price will rise to 110k to liquidate the bearish bettors, and then fall to 85k to liquidate the bullish bettors
In the second opition (Red Line), the price will fall to 85k to liquidate the bullish bettors, and then rise to 110k to liquidate the bearish bettors.
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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.