A BTC 4 Hour Chart revealed that the price had been accumulated for 20 days. We can clearly see that institutional demand has continued to purchase since the price dropped to the $40K level. The price in that area had been tested several times, and large demand continued to come in to keep the price from falling further. According to the Wyckoff theory, the price seen clearly push above since we broke the short downtrend line on Phase C. We may see Bitcoin rise even higher in the future. Usually, the crypto monthly return in Q4 is higher than the previous quarter.
Anyway, this is not financial advice; I'm simply sharing what I've seen and learned in the past.
#BITCOIN #CRYPTO
Anyway, this is not financial advice; I'm simply sharing what I've seen and learned in the past.
#BITCOIN #CRYPTO
Comment:
BTC reached $55,555K today.