Bitcoin reversal and when to buy back (long term view)
Updated
Bitcoin reversal and when to buy back (long term view)
A bounce from the mid-range is possible, but we expect the final destination of this correction to be near 50K.
The rationale for this is
1. average buy line from short-term holders
2. massive liquidation lines
3. full or partial profit-taking by whales holding ETH and altcoins
4.There are many whales that have not yet sold all of their volume, and there is a high possibility that it will fall again after reaching the liquidation point around 75K.
A bounce from the mid-range is possible, but we expect the final destination of this correction to be near 50K.
The rationale for this is
1. average buy line from short-term holders
2. massive liquidation lines
3. full or partial profit-taking by whales holding ETH and altcoins
4.There are many whales that have not yet sold all of their volume, and there is a high possibility that it will fall again after reaching the liquidation point around 75K.
Note
Split buying of several Ethereum whales begins.Note
Liquidation Heatmap50K(Highest volume) - 59K - 74K
These three positions are important and will help you predict the price scenario.
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.