Bitcoin has been accumulating long orders for over 6 months now leading the market to have an imbalance between buyers and sellers, buy orders exceeding sell orders. The technical data presented in the technical analysis represents the continuation of a premature bullish market. Price is currently trading inside a very important point of interest in which selling pressure has lost its control and buying pressure has taken over. Arriving upon the conclusion was tricky yet interesting however it can be confidently said that the market will begin its markup from here until the current all times high.
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