The Volume doesn't look like there was any real large scale panic selling and it doesn't seem to have large scale buying to indicate any consolidation.
Most people are buying into the Eth Merge thinking this will be a price catalyst, but on the other hand it is probably a buy they hype, sell the news situation. Volume seems to confirm that fact. The Bollinger...
This chart is the price of an ounce of gold denominated in Bitcoins. BTC has outperformed most assets, if not all assets over its brief existence, so it is obvious the chart would trend downwards.
There are two points I am trying to emphasize, that I believe can help us predict a bottom/top.
1. The top Bollinger Band has been a pretty accurate predictor of the...
Inflation Is high, Rates are increasing, Global Growth is Slowing. Most people believe the worst is behind us and markets will rally soon.... Although a shallow bounce is likely, I believe the bottom will be in for BTC between 2022/2023 depending on the macro backdrop and how much uncertainty is still floating around Inflation rates and Growth rates. Best Case is...
Number probably go up now, if not number will go up around 7.5k/8ks. So, at most you may be risking a 20-30% draw down if you buy the dip now. So, that would be your risk, now how about reward? well, the sky is the limit when it comes to a hard capped sovereign, autonomous, censorship resistant, scarce Commodity with unique abilities pertaining to currencies,...
