Hit the weekly bollinger band and the 0.716 retracement. Funding peaked high similar to the top in February. VFI accumulation exceed previous top. Tested the March capitulation trendline which was tested in (see idea below) . RSI higher than at February top.
My feeling is BTC will wick into 12.4k by the end of the week or next week then retrace.
My feeling is BTC will wick into 12.4k by the end of the week or next week then retrace.
Comment:
every week it has tested the capitulation trendline
$1.1 billion worth of futures positions of more than 70,000 traders were liquidated.