#BTCvsMarkets
Market studies are being conducted on Bitcoin; here is part of these studies.
If the price of Bitcoin reaches a liquidation stage, we may witness a massive influx of sell orders in the market.
But here’s the surprise:
The demand for Bitcoin is extremely high, so much so that the supply on the major centralized exchanges is low.
This means that these sell orders could be executed quickly - not by crashing the price, but by pushing it higher!
What to watch for:
Breakout towards resistance areas
Testing the next main price ceiling
But...
What if traders refuse to buy Bitcoin at this high level near the peak?
Then a reversal makes perfect sense too.
In short:
This is a high-risk area. Up or down - be prepared for both.
