Bitcoin / TetherUSPanjang
BTC Prev Bottom Indications Analysis
As per historical data, there has constantly been increasing volume for BTC/USDT, and every time we hit a new ATH on the volume indicator BTC is almost close to or has already bottomed.
I have drawn a simple trendline trying to connect all the highs on the volume bars and currently, BTC has exceeded the peak resistance zone and created a new ATH for peak volume.
As you can see every time it reaches a new ATH on Volume we have seen a BTC bottom.
Everyone thinks we are in a distribution phase but this chart says otherwise and the early birds are in fact accumulating.
Let's see how this plays out as the next halving is almost 550 days away.
Macro Economic conditions look bad but are improving and it's not as bad as the paid news agencies and the government makes it look like as inflation comes under control.
Banks and financial institutions continue to show their flaws and inefficiencies further strengthening the case and proving blockchain/crypto/BTC to replace it in the coming future.
All the Institutional Interests, interventions, and participation have driven the BTC volume to new ATHs.
This might not be covered by all the local media houses right now but the data shows something is going on and we are in for a big move.
Now let's wait and watch how this Observation/Data plays out.
A confirmed breakout above 25k will take us to the previous bull market support zone of 30k.
While a confirmed Breakdown from 17.3k will take us to the log curve bottom of 15k and also can retest the tough support of 13.9k
I will only start taking trades after a properly confirmed breakout or breakdown price action from my patterns.
Strictly Educational Content/ Not Financial Advice
I have drawn a simple trendline trying to connect all the highs on the volume bars and currently, BTC has exceeded the peak resistance zone and created a new ATH for peak volume.
As you can see every time it reaches a new ATH on Volume we have seen a BTC bottom.
Everyone thinks we are in a distribution phase but this chart says otherwise and the early birds are in fact accumulating.
Let's see how this plays out as the next halving is almost 550 days away.
Macro Economic conditions look bad but are improving and it's not as bad as the paid news agencies and the government makes it look like as inflation comes under control.
Banks and financial institutions continue to show their flaws and inefficiencies further strengthening the case and proving blockchain/crypto/BTC to replace it in the coming future.
All the Institutional Interests, interventions, and participation have driven the BTC volume to new ATHs.
This might not be covered by all the local media houses right now but the data shows something is going on and we are in for a big move.
Now let's wait and watch how this Observation/Data plays out.
A confirmed breakout above 25k will take us to the previous bull market support zone of 30k.
While a confirmed Breakdown from 17.3k will take us to the log curve bottom of 15k and also can retest the tough support of 13.9k
I will only start taking trades after a properly confirmed breakout or breakdown price action from my patterns.
Strictly Educational Content/ Not Financial Advice
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