The fact is that a lot of people just don't care about Bitcoin anymore. If you do a Google search for "Bitcoin," it will lead to 623 million results. But if you do a similar search for "bitcoin price," there are only 157 million results, and the vast majority of them are not important news articles or price analysis.
And the reason why Bitcoin prices remain stuck in sideways channels or breakdowns is because most people don't care about it anymore. Price action is boring.
They're waiting to see how much they can make by buying low and selling high, and they're not so concerned about the reality that such a purchase demands endurance and perseverance.
Most people are used to trading in 2022 on futures in a continuous downtrend, but now the time has come for a trend shift, and we see the movements altering each other up and down, causing the market to go sideways.
If there is a long-term buyer on bitcoin, I am confident that it will purchase quietly and change the public attention away from purchasing but towards selling. Remember that.
Things might change if the price goes below the 20600 level, which I believe is critical for momentum. Yet, if 20600 is broken, we will almost certainly witness a double bottom attempt.
Kind regards
Artem Crypto
And the reason why Bitcoin prices remain stuck in sideways channels or breakdowns is because most people don't care about it anymore. Price action is boring.
They're waiting to see how much they can make by buying low and selling high, and they're not so concerned about the reality that such a purchase demands endurance and perseverance.
Most people are used to trading in 2022 on futures in a continuous downtrend, but now the time has come for a trend shift, and we see the movements altering each other up and down, causing the market to go sideways.
If there is a long-term buyer on bitcoin, I am confident that it will purchase quietly and change the public attention away from purchasing but towards selling. Remember that.
Things might change if the price goes below the 20600 level, which I believe is critical for momentum. Yet, if 20600 is broken, we will almost certainly witness a double bottom attempt.
Kind regards
Artem Crypto
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.