BTC heavy demand gets filled! Where next?
BTC has made a correction these past few days. We can see we had a wick touch the high 28,xxx zone.
We can see a massive wick touch down there and immediately come back up.
More than likely institutions eating up all that demand.
If BTC can not close above green trend resistance (old support) we can expect to see some bouncing around going on from 31,000 - 33,500.
We can see a massive wick touch down there and immediately come back up.
More than likely institutions eating up all that demand.
If BTC can not close above green trend resistance (old support) we can expect to see some bouncing around going on from 31,000 - 33,500.
Related publications
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.