Potential Bullish BTC 13 May 2022

Bitcoin all time history index INDEX:BTCUSD

exlux99

BTC 13 May 2022

The current implied volatility is at 124%/year
So that converted into daily is 7.8%

So based on current daily movement and current price of the asset of 30300 we can estimate
TOP 32000
BOT 28500
This channel has a more than 85% chance to sustain based on the last 290 candles

From technical analysis we can see that we just received a long alert around 30000

From fundamental point, today we have no big volatility news that can affect BTC
From volume point, current POC is around 30300

So based on all this, there is a high chance that we are going to start to have a bull recovery for the next days. and remain above 30k

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