It looks like ATH was like touching the third rail 
...as soon as it touched it a major pull back followed, but I suspect that will be short lived and it will retest ATH before the end of the year.
https://cointelegraph.com/news/bitcoin-s-price-correction-may-not-be-over-on-chain-data-analysts-warn
...as soon as it touched it a major pull back followed, but I suspect that will be short lived and it will retest ATH before the end of the year.https://cointelegraph.com/news/bitcoin-s-price-correction-may-not-be-over-on-chain-data-analysts-warn
Quote
Ki Young Ju, the CEO of CryptoQuant, said that more corrections might come in the short term. The All Exchanges Inflow Mean indicator, for instance, is still hovering at a high level, suggesting that there is still a lot of selling pressure in the market. He said:
“More $BTC corrections might come. All Exchanges Inflow Mean (144-block MA) remains still high. In my opinion, we’ll face some corrections/sideways this week and it will break $20k by December this year. I’ll stack some sats a few days after.”
In the near term, the key support for Bitcoin is found at $16,000. Below it, the next major support areas to watch are $14,000 and $13,500.
“More $BTC corrections might come. All Exchanges Inflow Mean (144-block MA) remains still high. In my opinion, we’ll face some corrections/sideways this week and it will break $20k by December this year. I’ll stack some sats a few days after.”
In the near term, the key support for Bitcoin is found at $16,000. Below it, the next major support areas to watch are $14,000 and $13,500.