Bitcoin Drop Zone 63,000?
After a distribution from ATH's at 58,000, BTCUSD took a breather accumulating between 43k-53k. There is currently no reason it can't go higher especially considering stimulus pushing more money into equities and the US economy. I have marked up the measured moved from Bitcoin's former high and cloned it on to this move. This could be a valuable reference if price continues to trend up. On the chart I have broken down the move up to this point using volume analysis, supply/demand, and auction market theory. For anyone interested I have a tutorial linked.
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