After the nearly 20% drop by the worth of BTC, the cryptocurrency spent subsequent day consolidating and retesting the critical 200-day moving average at $ 46k.
BTC managed to carry the extent for the daily close, a positive sign. In the short term, it is important to continue to hold $ 46k, complete long liquidations, and start a rally to claim $ 47.2, the bottom of the green zone. Long-term holders and entities holding older currencies continue to accumulate, showing no signs of whale outflow liquidity.
Auther:
@mariya