MARKET MOVEMENT BTC’s tightening short/mid term range can also be clearly seen in net weekly crypto asset flows, which have totaled just $5 Million last week in favor of sellers. This is the lowest we’ve been in weeks in terms of overall flow difference, and it’s a clear sign that the market is about to see a much larger than expected move.
How can we expect this mid term move to go after a confirmation?
After over a month of an extremely tight range, we can expect this to become mid term accumulation, which would be confirmed with a BTC break and close above $21,000. Once this happens, momentum will start building up for buyers and spread to other coins, which could potentially take us to new mid term market highs.
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