Bitcoin : Overview
In Bitcoin, a slight loss of momentum is observed in the volume-based On Balance Volume Indicator.
When we look at the relative COT Positions (for which we chose some distant past)
While the price is up 55%, positions are not at a level to support it.
But it would be more robust to see a similar mismatch from the recent past.
Here, in the first place, we will look at whether it has closed above the price value of 11671.5.
When we examine the Blockchain data in the automatic period:
Small blockages are observed in Bitcoin transaction volume,hashrate,miner's revenue. (Not really negative now)
If these values decrease while the price is rising, it will trigger a short position.
It should not be forgotten that the support point for the digital currency, which is also tied to the US presidential election, is 9688.5.
Regards.
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