BTC fails to hit it's uptrending channel line recently at around mid April.
What we see from the end of April to around mid May is just a pullback of a larger price fall breakout that are going to happen.
Notice how the volume fluctuates. The "Smart Money" are distributing their shares for the last couple of months.
If BTC can't hold it support at around $45000, I'll call it an end for this year's bull run.
Gonna have to wait for another 2 weeks or so to see if BTC price will actually fall down
What we see from the end of April to around mid May is just a pullback of a larger price fall breakout that are going to happen.
Notice how the volume fluctuates. The "Smart Money" are distributing their shares for the last couple of months.
If BTC can't hold it support at around $45000, I'll call it an end for this year's bull run.
Gonna have to wait for another 2 weeks or so to see if BTC price will actually fall down
Note
Prediction came out to be trueScore: 2-0
Note
I'm still bullish on BTC though
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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.