BTC Update and Market Movement on 30 May 2022

 $BTC DOMINANCE UPDATE VIP

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On 3 hour time frame the price action of BITCOIN DOMINANCE Is formed out the Bullish Flag Pattern where the price action is currently facing out the Resistance Trend-line level of the pattern 


Currently the price action is trying to breakout the Resistance level of the Pattern, where we can see that the price action heading towards to  out the Horizontal Resistance level on the weekly time frame which is marked at the 47.05 to 48.27% level 


And for that we have to wait for the Proper breakout and re level, which is ultimately can increase the price level of the BITCOIN as well 

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🚨MARKET MOVEMENT🚨


The current Stablecoins balance on exchanges has just hit a new All Time High at $35 Billion, which is higher than our previous February 2022 highs of $32 Billion. This amount of liquidity on hit exchanges will likely be one of the most important factors in our next moves, and we’re ready for it.


What can we expect from this in the next few month?


Once we see a slight increase in buying pressure and bullish momentum , we’ll start seeing more buying wave entering the market as people convert their Stablecoins to BTC, ETH and alts. This chain reaction will likely last a couple of months.

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