In April 2021, BTC reached ATH of $65k, concluding the bull run and entering a bearish cycle. In June 2021, BTC reached a low just under $29k before prices reversed back into a bullish cycle. This created a "range" between $29k-$65k. Our next bullish cycle, which concluded in November 2021, saw price increase up to $69k, rising through the top of the range and...
BTCUSD reached ATH just under $65K on 4/14/21, during a period which rejection wicks were being produced @ and above $60K on the Weekly Time-Frame. This concluded the Bull Phase and the market entered our "current" Bear Phase. BTCUSD has currently reached a pivot low just above $28k, during a period which rejection wicks were being produced @ and above $33K on the...
On July 8th, 00:00:00 (UTC) we saw a surge in Short Interest just above $34K level, following a dip towards low $32K level. While making higher pivot lows, price is hovering in a consolidation zone with little to no retreat from Short Interest. This could in turn provide bulls with the necessary liquidity to produce a market shift or, "Short Squeeze" and propel...