While the bitcoin price managed to stick to its high levels at all, it is still there Deltrics stolen pressure in the background For digital assets. As the mutation increased to new peaks during the weekend, multiple gaps were created, and history indicates that Bitcoin will have to retreat to fill these gaps before he begins to gather again. These gaps now indicate a return to their previous previous levels ever before the gathering began last week.
The V -shaped pattern appears to bears in control
Yukever encryption analyst Make up Bitcoin position and why there can be a near destination. The first thing he referred to is the fact that the encrypted currency has made a V -shaped style after it has reached its highest level above 123,000 dollars, and this configuration is usually a decline. This is because it shows a shift towards the sellers who control as achieving profit becomes more clear. This is only the beginning because more downward developments are now.
two Fair value gaps (FVGS) It was created on the graph for 4 hours, and it was already filled. The first happened with the re -test at $ 119,000 and 120,000 dollars, which eventually led to rejection. Therefore, this leaves another gap to be filled, which is the FVG 4H at its highest level. This gives credibility to the analysis and indicates that other gaps that have been created as well.
The 4H FVG second analyst puts $ 111,000, which coincides with the previous high resistance. He believes that this is what makes the level “magnet”, especially since investors begin to make profit. Strong sales pressure can provide the additional momentum needed to drop the price towards the level of $ 111,000.
Another major problem now is that the price of bitcoin has CME gap formed During the weekend, with the price declining, GAP CME appears full of a level of 114,000 and $ 116,000. There was already an attempt earlier in the week. But the amount of $ 114,000 was not touched. If this CME gap is filled, the second FVG is more likely to be filled with $ 111,000.
Bitcoin price still shows the rise
Although the vulnerability is still waving on the horizon on the price of bitcoin, there is still difficulty in the encrypted currency. One example is the high level of sound along with the increase in the price, which indicates that the size is dominated by buyers at this level. Coinglass data He appears The average daily folder reached more than $ 100 billion this week.
The Bitcoin Fear & Greed index is still in greed, and has not yet entered the intense greed area, which is usually when the top is marked. Open attention It also sits near the high levels at all, which may pay a price before the correction.
Distinctive image from Dall.e, Chart from TradingView.com
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