$BTC is ready for a massive pump soon! đ
why?
here's the answer : #Bitcoin took liquidity from the downside and now created a strong structure with market structure shift which indicates the algorithm wants to push price higher and a lot of buysides liquidity (sellstops) are created which needs to be liquidated.
and on on the second picture i have added the chart of USDT.D which is the total stable coin (USDT) index. and it has inverse relation with bitcoin and this picture we can clearly see it did exactly the opposite of what #bitcoin did as i explained just now.
other confluence : Liquidation heatmap
if we look the liquidation heatmap of bitcoin it shows almost no liquidity down below for price and billions of dollers worth liquidity has been created and untagged so we this adds another extra confluence for price to go up.
how much we can pump?
well on the longer time frame 70k is an achievable target but we decide on price reaction as it develops and changes over time so 63/65k is my first target for #bitcoin.
thanks for reading my post đ
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