stays beneath $27,000, and weak spot in latest days has elevated analysts’ requires a drop to the low $20,000s. Whereas something is feasible, the bulls are unlikely to surrender $25,000 in assist with out placing up a combat.
Glassnode’s lead chain analyst Checkmate mentioned in feedback on Could 24. mentioned sell-side danger ratio metrics present “sellers are exhausted on either side,” indicating “massive strikes are coming.” The final time the sell-side danger ratio was this low was in 2015. on the finish, and this began the bull run in 2017 December. reached $20,000.
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