Hello Everyone, Good Evening.
$BTC Currently Proceeding in the Price Range of 70.317/69.815.
Current Price: 70.040
It is not a good thing for Bitcoin to advance in this price range for a long period of time.
Money Outflows Continue to Exist from Its Volume.
Even though there is not a huge outflow of money for now
If it continues like this, it will take action to add money to the BTC volume.
So, in which direction will Bitcoin move?
Here is the Answer: It will follow the liquidation map in order to add money to the BTC volume.
When we examine the liquidation map:
You can see that the 71,000 and 64,400 regions are dense.
However, the busiest region and where Bitcoin can add the most money to its volume is the 72,400 region.
Therefore, BTC will move towards the 72,400 region.
BTC Refuses to Fall Despite Buyers Reluctant and Pulling Back.
Moreover, it is currently rejecting the downward momentum even though the sellers are more willing and dominant.
This Time BTC Will Take Sellers' Money for Its Volume.
When BTC Most Likely Reaches the Price of 72,400
Enthusiastic Buyers Can Pump It to Reach the Price of 75,000.
I wish everyone a good evening and good luck.
Author:#kdmrcrypto