Since last year most cumulative trading volume within BTC was in the range 30k-40k. Why would institutions buy-in within this range if they expect a drop to 20k or 10k? Because it won't and they don't expect it (this year).
Note
The question is, can they shake you out?
Note
Strong bounce at 29-30k zone. I think we can reach new ath in next few months
Note
ath reached and broken, next target: 100k probably in november
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.