Smaller entities with 0.1-100 BTC have been accumulating heavily since the May 19th capitulation.
In total, they've added +97,649 BTC to their holdings.
Bitcoin need to break the mid range resistance of $35,500-$36,000 to go towards the upper range resistance of $40,000-$42,000. The good thing is that BTC break the daily 50 MA and now trading above it and also closed 4 green daily candle in a row which is not seen since April. The candle close below $31,000 triggered a lot of stop loss and short positions which getting rekt now. Bitcoin need to break the major resistance of $42,000 to get some FOMO. The short term sentiments and charts are bullish.
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