BTC Weekly Chart - Bull Flag Accumulation Zone

7 maj 2021

When I combined a simple technical weekly chart pattern and the fundamentals of BTC continuing to drop on exchanges, I induce we are forming a bull flag accumulation zone. HODL’ers are accumulating and storing off exchanges while newbies and those that have never fully studied BTC, monetary policy, fiat history and money markets are selling on any little dip. HODL on! A wall of smart money is happy to accumulate at these price levels. We have a new market from young professional athletes, corporations, pensions funds, etc., creating a wall of money.