One possible scenario is Bitcoin continues to make its way up to the peak interest area at $6400+
Lots of historical volume at this level and would create peak fomo
This is where people who bought previously at $6k have the opportunity sell to fomo buyers before a retrace
After months of uptrend it could be healthy for a pullback -(red lines show higher-lows)
A weekly close above this level is super bullish
Lots of historical volume at this level and would create peak fomo
This is where people who bought previously at $6k have the opportunity sell to fomo buyers before a retrace
After months of uptrend it could be healthy for a pullback -(red lines show higher-lows)
A weekly close above this level is super bullish