Bitcoin is now trading between a key level of support and resistance.
The range is now $28,000 - $42,000 and for the bull market to continue bitcoin will need to trade above $42,000 again.
falling below $28,000 will most likely see price action take price to $18,000 levels were the cycle started.
volume is dropping off, however OBV is still downtrending.
The range is now $28,000 - $42,000 and for the bull market to continue bitcoin will need to trade above $42,000 again.
falling below $28,000 will most likely see price action take price to $18,000 levels were the cycle started.
volume is dropping off, however OBV is still downtrending.