BTCUSDT
Updated
Bitcoin spending over three weeks in the $30,000 range is proving a crucial test for one of its best-known price models
BTC price action has hovered in a lower corridor between $30,000 and $40,000 since mid-May. This has worried day traders, while vintage bulls have called for calm and a long-term mindset
a nice short squeeze and V-shaped bounce back to
54K (+69%) would result in then bounce back scenario
stock to flow model is at historical support good chances to bounce back up
BTC price action has hovered in a lower corridor between $30,000 and $40,000 since mid-May. This has worried day traders, while vintage bulls have called for calm and a long-term mindset
a nice short squeeze and V-shaped bounce back to
54K (+69%) would result in then bounce back scenariostock to flow model is at historical support good chances to bounce back up
Note
It can do both short and long targets
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.