Today, October 19, we are likely to see a slight rise in the price of Bitcoin. The main purpose of this move would be to seek liquidity from leveraged short positions that were trapped or heavily exposed after the start of the bearish cycle in recent days.
A move like this helps clear the upper liquidation map before confirming whether the downtrend will continue.
What do you think of this scenario? I’d like to hear your opinions and perspectives so we can compare analyses and be prepared for any market traps.
#BitcoinSurpasses$83,000
A move like this helps clear the upper liquidation map before confirming whether the downtrend will continue.
What do you think of this scenario? I’d like to hear your opinions and perspectives so we can compare analyses and be prepared for any market traps.
#BitcoinSurpasses$83,000