BTC - VOLUME IS FUEL
To pass this ATH we need a good amount of fuels to keep up moving up as it happened in Nov/Dec 2020 to pass the historic ATH 20k. There was a good volume back then and BTC passed its ATH very sharply. But now, this volume is extremely low and doesn't suggest passing this heavy border.
Apart from that, in Oct 2020, PayPal accepted BTC and it was a great catalyst besides the huge volume. Now I don't think Amazon or other big companies will announce the same things as they know the bull run cycle has been nearly finished and they know where and when releasing this stuff and they know if they do that now they will probably waste the news. I am sure someday in 2022 or 2023 (after the bear cycle) Amazon will accept Bitcoin but it is not time yet.
Ehsan.F
Apart from that, in Oct 2020, PayPal accepted BTC and it was a great catalyst besides the huge volume. Now I don't think Amazon or other big companies will announce the same things as they know the bull run cycle has been nearly finished and they know where and when releasing this stuff and they know if they do that now they will probably waste the news. I am sure someday in 2022 or 2023 (after the bear cycle) Amazon will accept Bitcoin but it is not time yet.
Ehsan.F
הערה
BTC is not jumping up like in the real bull run but heavily crawling up. The shape of the candles, the movement, price action, etc are suggesting that.הערה
Have a look at this and see how candles reacted when it was time to pass ATH. At passing 20k, the candle created at the top was hammer candle means the price can go up and it happened. Now at this ATH, 65K, you can see how candles are reacting. There is shooting star candle at the resistance means 65k is not welcomed and as a result, it can cause the price to go down.
הערה
Be aware of some big players are manipulating weekly/monthly candles to fool people. See the last 2 hour candle before the weekly candle is closed, they pump BTC in the last 2 hours before closing weekly candle to make the weekly candle at a good and strong bullish area, and then what happened? Some folks who believed the candle were trapped. I have noticed this a couple of times at the last minutes of weekly and monthly closing candles. When the market is not strong enough like this, they will do it.
but I hope I am wrong and you guys all making a good profit.
הערה
Fasten your seatbelt tightly.הערה
How far likely are we going down for now? By analyzing the power of the movement, I would say between 48k and 53k.הערה
Always check the volume when considering to buy a coin.הערה
The top was called at the right time.הערה
Called the top at the right time.הערה
Excited to call the next top ;)
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