Welcome to PipEze daily BTC report.
3% down yesterday already recovered this morning. Yesterday we have experienced little shake up on the market. Some investors took the money and now will wait and watch price going up to $49000. Price Movement Benchmark gives us a powerful signal that whatever sellers want to sell buyers are buying. PMB is clear there are lots of sellers on the market – that’s why indicator is heading down. Bitcoin price, however, goes up, which is totally opposite of PMB. This is good as it gives us confirmation of still strong uptrend. Be ready for 49K as it’s looking like BTC will reach that important price level.
Well done everyone.
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