Analyst Willi Wu says that bitcoin preparation for its levels at all as the capital flows into BTC.
The veteran bitcoin analyst Wu Wu says that the leading cryptocurrency in a potential break is one of its highest levels of increased capital flows.
Publishing to the X social media platform, Wu tells his 1.1 million followers that Bitcoin (BTC) has turned into a rise, and that her current structure is “not a bad preparation” for a break in the heights at all.
“The capital flows into the network.
Both overall and speculative flows have been bothered. When both are aligned, they join to make a bullish environment on the basics. “
However, in the short term, Wu says that there is a great opportunity to take more side measures before the BTC acquires the strength of a new leg, noting that the average size index (VWAP) is relatively high.
VWAP is the average price of the original over a period of time, but is likely to trading.
“… but in the short term, the short -term VWAP is at +three normative deviations, which means that it will be difficult to move up with a decent momentum due to excessive transition.
Side work or, in the most difficult cases, slow grinding up is the arrangement of the day. “
Wu says in a summary,
“BTC creates another break from its highest levels ever if the capital flow continues. It is a strong long -term setting.
All declines for purchase under the current system. In the short term, there are good opportunities for declines. “
At the time of this report, Bitcoin is trading at $ 93,768, an increase of 11 % in the past seven days.
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
