© Reuters. Bitcoin Max Pain Model Sits at $13K, Bitcoin Analyst Willy Woo
- Analyst tweeted that the BTC max pain model sits at 13K.
- BTC’s price has been in the green zone within the last week, with a few red patches.
- BTC’s previous two triangles broke down its prices and now BTC is forming its third triangle.
Bitcoin Analyst Willy Woo tweeted that the max pain model sits at $13k as of today, the balanced price at $15k, while the Cumulative Value Days Destroyed (CVDD) is set at 16k.
Max Pain model sits at $13k today.Balanced Price at $15k.CVDD Floor at $16k pic.twitter.com/nFNJVnxOSX
— Willy Woo (@woonomic) December 8, 2022
Meanwhile, BTC is up 2.39% in the last 24 hours and is trading at $17,236.31, according to CoinMarketCap. As shown in the seven-day chart of BTC against USD, BTC has been traversing in the green zone except for the few patches of red towards the beginning and end of last week.
BTC hit its highest value of $17,371 on December 5 and tanked to its …
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