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Is this a wyckoff spring in the making on BTC?
We had 6 touches at 40k in 2021 that either acted as resistance and support. Most recently as support in Oct. 2021.
I think we're revisiting this area of support and preparing to blast off to new all time highs. The VPVR shows significant buyer support all throughout the 30-40k range. This makes me very skeptical that BTC can go to 20k in this downturn. I believe if we do break below 40k it will serve as a spring and launch us to new all time highs just like happened in July.
https://www.tradingview.com/x/mVNpYM1n/
I think we're revisiting this area of support and preparing to blast off to new all time highs. The VPVR shows significant buyer support all throughout the 30-40k range. This makes me very skeptical that BTC can go to 20k in this downturn. I believe if we do break below 40k it will serve as a spring and launch us to new all time highs just like happened in July.
https://www.tradingview.com/x/mVNpYM1n/
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