Hello traders
As you can see in the chart above, bitcoin corrected its bullish trend a consolidated for a while in this price zone; this can make the continuation lot more effortless. On the Onchain side, I screenshotted a metric from Glassnode called Supply held by addresses with 100 to 1K bitcoins wallets. The value has risen in the previous hours, indicating that we might see a bullish momentum in the upcoming hours.
Check out my previous predictions on bitcoin below.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
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Good luck.