Bitcoin – whales continue the accumulation

17.12.2021 5:25 pm

Hello, everyone!

Bitcoin returned back to the range’s lower band. Now I want to call this zone the Whale’s accumulation zone. Big guy indicator demonstrates that every time the price approaches this zone the institutional investors buy Bitcoin. I want to see now the quick squeeze below this zone to absorb the liquidity and the quick recovery after that. It would be the sign of accumulation before the trend reverse to the upside. Moreover, the Fear & Greed index entered again into extreme fear, which is also a bullish sign.

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