#btc $BTC So, on Bitcoin, the question for experts eager for its decline.
In the screenshot, the chart shows where we were in accumulation for 7 months.
Why should Bitcoin be falling now when large participants were buying it at 16 thousand when the FTX exchange collapsed (this was not planned) and at 20 thousand when an American bank went bankrupt.
Then the next set of positions from 50 to 70 thousand over half a year.
The average price fluctuates for them from 30 to 60 thousand per Bitcoin.
Now the question is, do you think they will sell it off at 100 - 110 thousand?
For two years they accumulated, and not just accumulated, in order to drive the price down, they need to throw counter limit orders for sale at a loss.
Therefore, sales will be at least from the level of 150 and above to 200 thousand per Bitcoin.
Because of your forecasts, many people enter shorts and lose money because of you, and short liquidity provides fuel for growth.
There is a concept of accumulation, the consequence of accumulation, and the distribution of what has been accumulated.
At the moment, the consequence of accumulation is growth; distribution occurs in the opposite formation as it was in accumulation, marked in purple in the screenshot.
Therefore, the conclusion is to learn technical analysis and do not be liquidity for large players.
Follow me, there will be a lot of interesting things.
Good luck in trading.
