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The price of bitcoin was struggling after declining by more than 20 % of its highest levels ever in January, and the entire encryption market decreased. This was a source of concern for many investors, especially as BTC continued to struggle. According to encryption traders, it seems that the current silent trend may end up to be more landing for Bitcoin price after all, given the signals they referred to, can lead to another crash of the cryptocurrency market.
Distribution before the Bitcoin price collapsed
In a piece Published On X (formerly Twitter), Zero IKA noticed some developments in the market that may indicate another price of Bitcoin horizon. First, this is the fact that the price of bitcoin is currently stable. So far, he was heading between 83,000 dollars and 85,000 dollars, but the analyst shows that the supposed supposed feelings may not be all this ascending because things could change below the surface.
Another sign that the analyst indicates is the fact that the market begins to see Isolated altcoin marches Regardless of what the Bitcoin price may do. Looking at the market during the past few days, there have been some disturbing gatherings that apparently come out of any place for some altcoins.
For example, coins such as Fartcoin and Aergo have seen gatherings of more than 300 % in a short time, especially when they are Bitcoin price has been thrown. In addition, the distinctive symbol of the Mantra’s om was pumped and then delivered more than 90 % in one day. The trader explains that these types of gatherings are not real. “For the non -trained eye, it seems early or a hidden jewel that finally gets its entitlement but in reality, these marches are manufactured,” as zero Ika.
Apparently, these translated gatherings serve a purpose and are distribution. What this means is that “smart funds” use this easy to process altcoins as a way out of the market, rather than using BTC directly and causing panic. Therefore, they transfer their capital to these heroes, which are then artificially served and then use the exit liquidity windows.
“Senior liquidity means that the price can walk with a relatively small capital, and as soon as it begins to move, the reaction begins to retail,” reading.
The coding dealer explains that the appearance of these events, while it may look ascending, does not mean The beginning of the Altcoin careerBut the end of the end. They explain that this timing is never random, and is usually a warning sign. “When Altcoins begins to explode without reason while BTC is flat and blows through HTF supply areas, minimize,” Zero IKA said in conclusion.
The graph from Tradingview.com
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