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A potential explanation for latest moves
BTCUSD
, 60
BTCUSD: A potential explanation for latest moves

There wasn't big news in the last 24 hours except Futures expiration and ETF postponing. To find out more you can look at this website that we develop for traders app.guess.market Bitcoin news, TA interpretation, general social sentiment regarding BTC prices and you can also earn coins!

Major news and price action
BTCUSD
, 30
BTCUSD: Major news and price action

News sentiment is at 29% bullish. Median price guess of TA is 6100 USD. More insights at app.guess.market

News, Trend lines, Supports and Action
BTCUSD
, 240
BTCUSD: News, Trend lines, Supports and Action

Like, follow and share for more content! guess.market

Wall in the North
BTCUSD
, 120
BTCUSD: Wall in the North

Bears cannot defend the wall in the North Bitcoin is coming

Double breach
BTCUSD
, 240
BTCUSD: Double breach

Long term trend lines broken

Probability of short squeeze
BTCUSD
, 1D
BTCUSD: Probability of short squeeze
Updated 

Last time a lot of traders were short. But what happened? Maybe the exchanges hunted the stop loss of shorters or it happened by itself. So are we approaching a similar setup?

Resistance broken yet?
BTCUSD
, 1D
BTCUSD: Resistance broken yet?

Is the bear market over?

Correlation between Bitcoin BTC and Nasdaq NDX
BTCUSD
, 1D
BTCUSD: Correlation between Bitcoin BTC and Nasdaq NDX

Bad news for diversification. Bitcoin looks like not only a store of value but also a tech stock. This means, when there is a recession "correlations going to 1" i.e. crypto is in trouble.

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