Hello traders
As you can see in the chart, we predicted the market move in the previous post, I see there is a FOMO on the buying side, but some of the old wallets are selling their bitcoins. I Screenshotted a metric from Glassnode called supply held by address with 100 to 1k Bitcoins. This metric has decreased today, which means the price can see lower levels which I highlighted, and after that, it can continue the bullish trend to create that overall pullback.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too.
Good luck.
As you can see in the chart, we predicted the market move in the previous post, I see there is a FOMO on the buying side, but some of the old wallets are selling their bitcoins. I Screenshotted a metric from Glassnode called supply held by address with 100 to 1k Bitcoins. This metric has decreased today, which means the price can see lower levels which I highlighted, and after that, it can continue the bullish trend to create that overall pullback.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too.
Good luck.
