Bitcoin Distribution Mechanism Has Not Changed, All Roads Point To Crash Below $50,000

Bitcoin’s latest stretch of sideways price action

Bitcoin Distribution Mechanism Has Not Changed, All Roads Point To Crash Below ,000

Bitcoin Distribution Mechanism Has Not Changed, All Roads Point To Crash Below $50,000

Bitcoin’s latest stretch of sideways price action around $70,000 is being read by some traders as a sign that the cryptocurrency is finally settling down. However, technical analysis shows that the structure now forming on the daily chart

Bulls reclaim control | Source: BTCUSD on Tradingview.com

Featured image from Dall.E, chart from TradingView.com

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