Bitcoin is trying to hold the support level. A close below this support is bearish. BTC need to break and hold above $20,000 to get some positive momentum. Lets see how global markets react on Monday.
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BTC Whale with 1000+ holdings
This macro chart tells us that the Blue Whale is NOT Buying Yet.
Blue= BTC Price
Yellow= Address with 1000+ BTC.
Bitcoin Bottom confirmation signal about to flash using William % R (Monthly TF)
Historically when William %R indicator :
Below -80 level.
Crosses the white TL up.
Bottom's coming in
Williams %R is about to cross the TL.
The accumulation phase ends when it crosses over the -80.
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