$BTC
Interesting.
Looking at the past four monthly opens, we can see that they all played out in a very similar way.
First, price trended lower into the monthly close, which was then followed by an inverse move right after the start of the new month.
Those reversals produced an average move of roughly 7% to the upside within the first few days after mO.
This time around seems to be no different.
We are once again seeing a slow bleed ahead of the monthly close, and if this pattern continues to play out, we could see a move back into the $80k region over the course of next week. #BTC Price Analysis# #Macro Insights#
Interesting.
Looking at the past four monthly opens, we can see that they all played out in a very similar way.
First, price trended lower into the monthly close, which was then followed by an inverse move right after the start of the new month.
Those reversals produced an average move of roughly 7% to the upside within the first few days after mO.
This time around seems to be no different.
We are once again seeing a slow bleed ahead of the monthly close, and if this pattern continues to play out, we could see a move back into the $80k region over the course of next week. #BTC Price Analysis# #Macro Insights#
