Bitcoin is compressing like a coiled spring

in DLIKE4 years ago

It's been compressing for weeks and weeks now

You know what comes after the price compresses right?

It has a big break out.

Look at the BTC compression over the last month:

image.png

(Source: https://twitter.com/stoicrypto/status/1267536813834604545/photo/1)

When it breaks out and picks a direction we are going to see a big move.

The only question is whether that move will be up or down?

I would guess up based on the fact that the price has spent more time at the upper end of this compression than the lower end.

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64513.89
ETH 3155.04
USDT 1.00
SBD 4.00