Bitcoin BTC price is at a crossroads Vote on where price will go
Updated
The BTCUSDT price has been consolidating in a narrow range of $30-31 thousand for 21 days.
MM, which keeps the price in this range, has its own goals, which we can only guess at.
We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI announcement), but no.
The BTCUSDT price was smoothly falling to the lower boundary of consolidation yesterday.
This only proves once again that in the cryptocurrency market, it is still quite easy for the big money to fulfill their "tasks" and direct the price in the direction they want.
On the chart, we have presented two fractals of Bitcoin price movements that have occurred in the past.
It turns out that the price of BTCUSDT is now at a crossroads and the next few days may be "hot".
Of course, the activation of both the white and blue fractals will occur after the price consolidates above
31K, or below 30k, respectively.
But still, which movement of the BTCUSDT price do you prefer in the coming days? Up or down? Please vote in the comments below the idea
We think that "the mood" of active participants in the crypto market will be interesting for many to see
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
MM, which keeps the price in this range, has its own goals, which we can only guess at.
We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI announcement), but no.
The BTCUSDT price was smoothly falling to the lower boundary of consolidation yesterday.
This only proves once again that in the cryptocurrency market, it is still quite easy for the big money to fulfill their "tasks" and direct the price in the direction they want.
On the chart, we have presented two fractals of Bitcoin price movements that have occurred in the past.
It turns out that the price of BTCUSDT is now at a crossroads and the next few days may be "hot".
Of course, the activation of both the white and blue fractals will occur after the price consolidates above
31K, or below 30k, respectively.But still, which movement of the BTCUSDT price do you prefer in the coming days? Up or down? Please vote in the comments below the idea
We think that "the mood" of active participants in the crypto market will be interesting for many to see
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
Chart of the total capitalization of the crypto market + 2 fractals that move the indicator
Note
BTCUSDT price tries to gain a foothold above $31000Targets for the upward movement are here
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👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
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