Bitcoin is back in the big daily range and successfully retested an important level with a SFP (Swing Failure Pattern).
There's a lot of heavy resistance ahead
Our indicators show that there's potential for a little more upside in the current price action.
One major problem is the current volume which isn't showing any signs of strength as of now.
There's a lot of heavy resistance ahead
- Top of the Range + Fibonacci Golden Pocket
- Yearly Open + 0.786 Fib Level
- Monthly/Quarterly Open
Our indicators show that there's potential for a little more upside in the current price action.
One major problem is the current volume which isn't showing any signs of strength as of now.
Comment:
Bitcoin failed to close above the yellow box and dumped back to the weekly open.