April 26, 2024

TradingView Blog | Surprisingly similar situation

TradingView Blog | Surprisingly similar situation

An interesting observation on the Bitcoin exchange rate. The current situation is very reminiscent of August 2019. Rapid growth at34%, further compression of liquidity in the red circle andimpulse sale on aggressive orders with mass liquidations. After a couple of days, sellers kept the price in balance and continued to decline. According to this scenario, they should fall to around 7500. What do you think?

Cluster chart H1 of the current situation: https://i.gyazo.com/44208ac06bb6d1ab3adf2897edffbc29.png

On the chart.