Facts:
In last 30 mays, 26 875 BTC was mined.
In same period, MicroStrategy has purchased 16 130 BTC.
Purchased amount equates to 60.0% of total Bitcoins mined in given time period.
Price action:
On above chart we can see that supply is drying up, hence higher lows.
Also, while expecting higher prices, nobody is willing to buy higher, resulting in same...
Currentnly bullish and putting pressure on trendline, green line represents breakout zone, yellow line is where bulls are in trouble and red is breakdown zone. Below 22400 short TP is 21800.
When average entry of all market participants since start of consolidation is matching high, logical whale move is to take liquidity and buy at previous high to show support.
