Markets move to hurt the most amount of traders.
This is most likely not a fake-out but in fact scared traders, burnt from the last fake-out, selling into the hands of whales.
Why:
We can see BTC moved over 60% / around 25k increase with no real pullback! It is about time to give BTC some breathing room; no market goes up forever. This is an ideal base for BTC to make some even bigger moves higher and take the rest of the market with it...
This is most likely not a fake-out but in fact scared traders, burnt from the last fake-out, selling into the hands of whales.
Why:
We can see BTC moved over 60% / around 25k increase with no real pullback! It is about time to give BTC some breathing room; no market goes up forever. This is an ideal base for BTC to make some even bigger moves higher and take the rest of the market with it...