Let's analyze the weekend in the bitcoin ecosystem:
📌We saw a slight recovery, reaching levels of 58K with little strength-
📌The range of movement to observe can range between $49,500 to $60,000. We have concentrated liquidity at both ends.
📌Therefore, do not be surprised that we have been moving in that range for several days, generating false increases to once again create large long leverages...and then the final blow to the leveraged.
Will we see one last capitulation?
It is very likely that yes.
Where and when will it be? - It will depend on when BTC finds calm. That will generate new leverage. If there is fear... there will be many shorts. If there is greed, the longs will return.
In conclusion, we may be going through capitulation right now, or perhaps in those 49500$ where the majority of investors may be left out of the market. If not, there are 2 more key points: 47k and 44k.
In a few days we will know how the story unfolds.
