resinial52095
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Joined Jan 9, 2021
bitcoin
btcusd
indicator
trendanalysis
wyckoffaccumulation
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This is complete guess work based on the wyckoff accumulation model being extremely similar to the BTCUSD 8H chart right now. Making a guess that btc can go inside this box by July 12th.
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NVT indicator has been showing bitcoin in an overbought position for while now, similar in length to that of the rally from 3k to 14k. I do believe bitcoin can indeed push upward to 45k before correcting, but in the coming weeks I think it is more than likely Bitcoin will experience a large healthy correction. In 2017 Bitcoin corrected 40% three times in less...
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