Bitcoin Technical Analysis: BTC Crashed. What To Do Next? (June 2020)

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Bitcoin Technical Analysis: BTC Crashed. What To Do Next? (June 2020)

The price of Bitcoin crashed just after our last video analysis in which we clearly said that this was one of the biggest bull traps in Bitcoin history and that it was very unlikely for the price to begin an uptrend above $10k even though it was a break of a strong psychological resistance. The reason we said that was because we are still in distribution, not accumulation. To understand what happens short-term, it is important to pay attention to what happens long-term. The bigger play here is very obvious and that is the whales and miners trying to get out of the market at good prices.

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