This is not something new, and it is not that only BITCOIN is in danger to crash, but the whole financial market. And this is not something unexpected, everybody knows this. But now it is more obvious than ever.
Volatility decreasing - Pessimism for market participants
Buyers kept from pushing the price up, while Sellers are accumulating orders around the 18k level. All those rejections are new BUY SL HIT, and new liquidity for Sell orders.
When? End of this month.
Why? Institutions are usually closing some of their positions at the end of the month, so let's see what this end of the month is going to bring us.
Volatility decreasing - Pessimism for market participants
Buyers kept from pushing the price up, while Sellers are accumulating orders around the 18k level. All those rejections are new BUY SL HIT, and new liquidity for Sell orders.
When? End of this month.
Why? Institutions are usually closing some of their positions at the end of the month, so let's see what this end of the month is going to bring us.
Comment:
Still more room for the down side, especially now with negative news for crypto market.