BTC price prediction

in steemitawards2023 •  last year 

Keeping it really simple here for $BTC. You can see all the Supply & Demand levels for the weekly on the chart that matter at this moment in time.

So basically what this means in simple terms:

A supply zone is a price area where sellers are more likely to sell, and buyers are less likely to buy. So, prices might drop because there's too much supply and not enough demand.

A demand zone is a price area where buyers are more likely to buy, and sellers are less likely to sell. So, prices might rise because there's a lot of demand and not enough supply.

Supply and demand zones are usually magnets for the price, but that doesn't mean every zone HAS to be filled, no. But this is why GAPS on the BTC1 pair get filled 99.99% of the time.
photo_2023-11-14_21-14-48.jpg

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Downvoted for tag abuse.