The Weakness of Bitcoin Buyers is Clear
The medium-term trend that we predicted on Wednesday turned out to favor sellers. This downward impulse was fairly natural. When should a new short-term trend impulse be expected? A key resistance level that has been protecting the whole movement, that started at $410, was broken through. A conflict of interests happened at the $427 mark, and it is there that the future of the existing upward trend was decided. The situation was resolved in favor of sellers. If there was a larger number of buyers, the movement wouldn’t have stopped.
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