An analyst who continues to follow timely bitcoin calls believes that the BTC is designed to control the next wave of cryptocurrencies.
Pseudonymal analyst reliable announce His 467 100 followers on the Social Media Platform X, whose Bitcoin capital beds show that BTC is preparing for another upside down.
According to the trader, BTC demand seems to be over $ 90,000 to sales pressure because of its cumulative volume Delta (CVD), an order flow tool that monitors the difference between buying and selling market orders.
“Bitcoin really looks healthy here.
A nice impulsive appearance upwards, followed by a complete reset of the Spot CV, but the price actually rises. Clear signs of significant absorption of the seller. At the same time, funding is negative/neutral.
Only the positions I would consider because of the above would be long or nothing. ”
While the analyst believes that bitcoin looks like a bullish, he remarks This most altcoine is likely to be abandoned after the BTC rallies. Reliable predicts that Altcoins will catch up with BTC after Bitcoin reaches the highest level of new all time.
“Because the BTC looks quite strong here, there is a chance that it can lead to the next leg upside down.
If this happens, it is possible that we see a small window where the BTC leads before the bottom follows, leading to ALT/BTC capitulation…
This would mean that the BTC could see $ 125,000-135,000 before prone to CRV and start moving up. ”
At the time of writing, Bitcoin trades for $ 94,182.
Follow us on XTo do, Facebook and Telegram
Do not skip a stroke – order to receive e -mail notifications directly to your inbox
Check the price of the prices
Surf a blend of everyday hodl
& Nbsp
Opinion: Opinions published in the Daily Hodl are not investment advice. Investors should make their diligence before investing in Bitcoin, cryptocurrency or digital assets. Note that your transfers and transactions are your own responsibility and all the damage that may occur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets or Daily Hodl investment advisor. Note that the Daily Hodl is involved in the marketing company marketing.
Created image: Midjourney
