Bitcoin at a historic buyback
Bitcoin reserves have fallen to an unprecedented low, which creates a strong shortage of coins and has a positive impact on the price of the asset.
A sharp and at the same time strong buyback of the market has begun, which serves as a good driver for further growth.
The most interesting thing is that this happened in just a week.
In a couple of days, the mood on the market has completely changed.
Yes, earlier we expected a deeper correction. However, thanks to the news background (the establishment of economic relations between China and the United States), the breakthrough of important resistance levels and a sharp increase in the volume of buybacks, market expectations have changed to the upward side. Given the current components of the market, in the medium term, the growth trend should continue. But do not confuse this with the local structure, where we have an open gap at $91,900, which is asking to be covered in the near future
