$BTC is at a critical inflection point. To officially exit the downtrend, Bitcoin needs to reclaim the last weekly lower high around $82,828.
The pump looks strong, and a new high tomorrow isn’t out of the question. 👀
But there’s a major test ahead: Bitcoin is now filling the gaps from the June 1st & 2nd dumps. Those zones are packed with traders who’ve been underwater for 80+ days, waiting to sell at break-even.
Do they become exit liquidity and get swept… or does this supply finally stop the move #Bitcoin #BTC $BTC
The pump looks strong, and a new high tomorrow isn’t out of the question. 👀
But there’s a major test ahead: Bitcoin is now filling the gaps from the June 1st & 2nd dumps. Those zones are packed with traders who’ve been underwater for 80+ days, waiting to sell at break-even.
Do they become exit liquidity and get swept… or does this supply finally stop the move #Bitcoin #BTC $BTC