Possibility of creating a new local top in the coming days
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Consider the following. These can indicate the possibility of creating a new local top in the coming days:
1- Taker buy to sell ratio increased
2- there was significant outflow from exchanges
3- drop the exchange’s reserve
These could indicate the purchase and exit of bitcoins from the exchange by short-term investors. There is also the possibility of a local top according to the technical chart, and the target is a 200-day moving average.
