Hello Dear Traders,
We are seeing great stability of BTC at this extremely expensive price, today BTC tested 60k Which is major supply zone.
when BTC tested 60k we seen good amount of profit booking and sellers Took this opportunity to short the btc at Premium price.
from 2 days btc was successfully holding above last weekly high price, this indicates heavy buying going above last weekly high.
in last 2 days huge accumulation of btc has been done by institutions.
According to CQ:
✅ Unusual Exchange Outflows
13,254 #BTC ($777,801,396)
aggregated outflows from multiple exchanges in an hour
Also One more thing to notice is btc is trading in Rising channel, and most of the time Rising channel breaks downside.
if btc breaks lower support trendline then we will see btc trading near 54k. to avoid this in 2 days btc must cross 60k area as soon as possible.
We are seeing great stability of BTC at this extremely expensive price, today BTC tested 60k Which is major supply zone.
when BTC tested 60k we seen good amount of profit booking and sellers Took this opportunity to short the btc at Premium price.
from 2 days btc was successfully holding above last weekly high price, this indicates heavy buying going above last weekly high.
in last 2 days huge accumulation of btc has been done by institutions.
According to CQ:
✅ Unusual Exchange Outflows
13,254 #BTC ($777,801,396)
aggregated outflows from multiple exchanges in an hour
Also One more thing to notice is btc is trading in Rising channel, and most of the time Rising channel breaks downside.
if btc breaks lower support trendline then we will see btc trading near 54k. to avoid this in 2 days btc must cross 60k area as soon as possible.
