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šÆ #Bitcoin is aiming for $32,000 $BTC
Despite the recent spread of fake news about the adoption of a spot Bitcoin ETF, the price of the first cryptocurrency continued to rise. The reason is aggressive purchases by large market participants, which we can track using exchange data.
Factors in favor of continued growth:
The upward trend structure with the movement of price lows and highs since September 11 indicates the dominance of demand for BTC. We are growing much faster than we are falling, which indicates a āstrong angle of attackā by Price Action and dominant bulls.
The cumulative delta indicator indicates elements of significant seller aggression in the market, which does not lead to a decrease in price. This means that all market sell orders are absorbed by limit buy orders placed in a narrow range and preventing a decline.
ā«ļø All abnormal volumes [blue and pink squares and circles] have a supportive structure, which indicates exactly the purchase by large market participants.
š Priority scenario: such dynamics and behavior of a major market participant may lead to bitcoin's growth to the level of the maximum formed on July 13, at $31,850. The intermediate level from which we can get a correction: $30,300.
Bet šš» if you are happy about the growth of the crypto market
šÆ #Bitcoin is aiming for $32,000 $BTC
Despite the recent spread of fake news about the adoption of a spot Bitcoin ETF, the price of the first cryptocurrency continued to rise. The reason is aggressive purchases by large market participants, which we can track using exchange data.
Factors in favor of continued growth:
The upward trend structure with the movement of price lows and highs since September 11 indicates the dominance of demand for BTC. We are growing much faster than we are falling, which indicates a āstrong angle of attackā by Price Action and dominant bulls.
The cumulative delta indicator indicates elements of significant seller aggression in the market, which does not lead to a decrease in price. This means that all market sell orders are absorbed by limit buy orders placed in a narrow range and preventing a decline.
ā«ļø All abnormal volumes [blue and pink squares and circles] have a supportive structure, which indicates exactly the purchase by large market participants.
š Priority scenario: such dynamics and behavior of a major market participant may lead to bitcoin's growth to the level of the maximum formed on July 13, at $31,850. The intermediate level from which we can get a correction: $30,300.
Bet šš» if you are happy about the growth of the crypto market
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