BitcoinUpdated BTC/USD Double Bottom Daily Chart
Using wychkoff and Weis Wave analysis, we see a accumulation phase down to the 41k price range twice. Most recent drop shows a much larger wave which indication absorption by buyers.
Note
whales and retail and your neighbor Joe are loading up getting ready for next major leg up; its a daily chart so it won't happen over night
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.