What’s happening amid the madness in Bitcoin accumulation?

This is where the importance and strength of pragmatism lie in a highly volatile market— not only in the prices of coins, but also in their indicators.

For months, we’ve been monitoring the Bitcoin accumulation movement and we discussed that Bitcoin’s accumulation changed its behavior after reaching $60,000 USD, becoming increasingly positive toward the cryptocurrency market—and Bitcoin in particular.

Over the past two days, Bitcoin managed to break through the strong resistance level we had identified at 61.71% and continued its climb. Through that, we reached the second-week target for Bitcoin, while at the same time seeing a solid rise in alternative coins.

The reason for this is something we discussed on several occasions—specifically in our weekly calls—but we’ll mention it in a simplified way: once Bitcoin and the market in general reached $60,000, liquidity became almost nonexistent, and the liquidity moved out of the crypto markets, as we discussed at the time. Today, any increase in Bitcoin’s dominance means new liquidity entering from outside the market, and this is very important—we need it during the current period.
#BitcoinFallsBelow80K #OilPriceRollerCoaster $BTC