In a recent tweet from Glassnode it has been shown that BITCOIN miners have increased the amount of Bitcoin sent to digital exchanges to be sold.
The value of this metric has spiked 636.2 percent—from 3.492 BTC to 25.707 BTC on average, which is almost half a million USD.
Perhaps, half a million USD would not represent a huge number in economical terms but it is clear that they found a good level today in order to increase their incomes, which is fine, however it is worth noting that the 20000 USD resistance is going to be hard to overcome if there is not a clear entrance of FIAT on the market.
However, as discover recently by @akertxu , there is a nice estructure going on the 2h chart of BTC.
It is a weird "inverted Head and Shoulder" which used to be bullish when find it in a downtrend chart.
As I said, this is not a common pattern to find on an uptrend chart but as it is super-bullish I think it is interesting to share it.
The projected target is considering 22800 USD as a possible level.
So, "one of six and half dozen of the other"...
What do you think will happen?
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
