Bitcoin Bottom Call On Ice: Fear Is Extreme, Whales Aren’t Buying

Bitcoin’s slide into the $60,000–$70,000 zone has

Bitcoin Bottom Call On Ice: Fear Is Extreme, Whales Aren’t Buying

Bitcoin Bottom Call On Ice: Fear Is Extreme, Whales Aren’t Buying

Bitcoin’s slide into the $60,000–$70,000 zone has lit up the usual “bottom” dashboards: extreme fear, washed-out positioning, and a cluster of indicators many traders treat as capitulation signals. But CryptoQuant contributor Mignolet says the market is missing the only thing that ultimately matters: a visible bid from dominant buyers.

Bitcoin must reclaim the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.