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Author: Admin | 2025-04-27
Last week when the twap seller slowed down, visible in implied vol and skewuptober 🕯️ pic.twitter.com/e2xHYx7rSA— Kelly Greer (@kellyjgreer) October 14, 2024JJ explained that, in in his view, “There are many narratives fueling bullish price action, most popular among them seem to be Trump’s rising Polymarket odds reaching levels not seen since July when BTC last touched $70,000 and the recent breakout to new year to date highs for MicroStrategy.”Related: Bitcoin price hits $66K as analysis asks, ‘Has Uptober begun?’When asked whether or not Oct. 14’s rally above $66,000 was representative of a definitive trend change, JJ warned that “resistance above the September highs still remains as the Coinbase order book has considerable asks stacked up above there.” “Though the stars are aligning for a Q4 breakout to new all-time highs, participants should still expect a range bound market with liquidity sweeps to the downside so long as these ask walls remain.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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