[Guest Post] This Bitcoin Analysis has been provided by Cryptomedics (read the full review of their service here)
We are still very bullish at this moment. Reasons for a reversal of this short-term uptrend are lacking and this “dump” is not a reversal-dump, meaning we will see a higher high (above 8500).
Compare reversal dumps and accumulation dumps with this one. You will see this is an accumulation dump.
To see the sentiment of the market, we had a test with WV ETF rejection, and we slingshotted back up, then we had a dump yesterday, slingshotted back up. This is clearly a sign that we have a shit ton of buyers in the market right now Keep Reading
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