BTCUSD Could Drop By -4.17% Soon!!!

25 Jul 2023

From my analysis on bitcoin, we could be seeing a possible drop in the price of BTCUSD by -4.17% and beyond. From my analysis , we could see this turn over of price from 29377.4 zone as sellers will most likely accumulate volume at that price point before the go short and in turn we could see a -4.17% drop if the previous drop is measured correctly. As an additional note, we can also notice that the heavy accumulation zone around 29600 has been broken, another indication of price on BTCUSD been short for the next days.