BTC price acton is ostensibly moved via "white wash" algos per Market-makers and exchanges. Market-makers not only supply exchanges with BTC liquidity, they also supply the exchange with your fave coins
Bitcoin is having a correction.
There was an area of correction during the summer of 2021 that bitcoin should have met and didn’t, as there was a visceral pump surrounding the “b meeting”
Had the correction gone on naturally bitcoin would have had more of a widespread accumulation, and this will happen now.
Bitcoin whales and institutions love to push the price past resistance, where this movement will trigger short stoploss market orders (aka stop buy limit orders) and also buy stop limit orders.
Both of these in tandem creates a low-grade short squeeze used as liquidity to sell into.
Rising wedges tend to dump.
And create new bullish patterns
Its also possible btc could shoot straight up, it has in the past (but in my view there's way more probability on correction based empirically)
