Will the real 69 420 please stand up.
Base on the Technical perspective, There's still much liquidity above $72k about a Billion dollars plus liquidity sitting in that price range way up to $73k which is left untouched and secondly, the fact that Bitcoin on Friday succeeded in creating equal highs with the NFP data that was published yesterday still suggests the market has more potential of moving to the up side.Worst case scenario in the imminent short term, $63k that was left untouched.
To me, the most important question is: are these accumulation dips (created or at least facilitated by money managers) or large distribution dips (which would be bearish)?
In my opinion, it is the former, but we shall see.
