📊 Daily On-Chain Exchange Flow
#Bitcoin $BTC
➡️ $773.4M in
⬅️ $1.1B out
📉 Net flow: -$307.0M
#Ethereum $ETH
➡️ $304.4M in
⬅️ $688.5M out
📉 Net flow: -$384.1M
#Tether (ERC20) $USDT
➡️ $367.3M in
⬅️ $813.8M out
📉 Net flow: -$446.5M
https://t.co/dk2HbGwhVw
According to this #Bitcoin analysis, if we factor in that the bull cycles are getting longer and longer, then that would give us a blow-off top between November 2021 and September 2022 with a price of $300,000 - $558,000.
Don’t panic because of this correction!
#Bitcoin levels to watch for.
Current environment = Chop
$43,000 reclaim = Bullish
✅KEY Supports:
$28,500 - Yearly Open
$20,000 - Prior ATH (minor support)
$12,500-$14,000 - 200 week MA (Strong buy signal since 2011), 2018 Yearly Open, 2019 prior high, last major support.
BTW, please remember, I’m not sitting here saying this is going to happen. I’m like you. I sit back and watch the charts waiting on the next $ADA move. Be careful out there!
Just really interesting trends in the crypto space that really makes you wonder 🧐
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#Cryptocurrency#Bitcoin
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