AS seen in the chart we have a large divergence with the price of BTC vs the shorts of BTC (Shown with Blue Fractals). The last divergence resulted in a large dump.
Longs have had a small run with the price not moving up very much. Longs have been on a cycle of an uptrend then a dump thereafter, also resulting in a dump of the price of BTC (shown with green fractals and white arrows).
The price of BTC has been in a channel since the 12th of January. There is sideways movement in the channel until it reaches the top trend line, which then results in a dump. I see this pattern playing out very closely.
In contrast, BTC is getting very much growth fundamentally.
Longs have had a small run with the price not moving up very much. Longs have been on a cycle of an uptrend then a dump thereafter, also resulting in a dump of the price of BTC (shown with green fractals and white arrows).
The price of BTC has been in a channel since the 12th of January. There is sideways movement in the channel until it reaches the top trend line, which then results in a dump. I see this pattern playing out very closely.
In contrast, BTC is getting very much growth fundamentally.
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