Bhavik pfp
Bhavik
@sadiwala
Are you confused why the price makes good pushes and then dips while everyone sounds bullish? Trust me its not diamond hands. Its either big plays or short term profit taking. Let's decode how this happens and where exactly the price could go in the next few days. For understanding the simple psychology of price action lets take the help of the VPVR indicator. ➢ ANALYSING KEY LEVELS Currently, the $67,000 level stands as a significant resistance zone based on volume, a level that was $66,000 just a month ago. This means there’s a strong concentration of selling interest here, providing a barrier for any upward pressure. So if Bitcoin had broken above $65k this would have come to action. The second best area for traders is the recent high around $65k where the price touched and dipped below to be around $59k right now. ➢ POSSIBLE MOVES RIGHT NOW Right now, Bitcoin is hovering just above $59,000, sitting near the lower boundary of this high-volume zone. This means that many investors se…
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