BITTREX:BTCUSDT   Bitcoin / Tether
There is not much more to report than last weeks as we begin this week with a smaller red candle once more still under the 10 week moving average and still within this possible descending triangle. BTC has been week in volatility and moving overall sideways for weeks now so there has not been much movement at all. It feels like its stuck not moving much in either direction. We still have a lot of resistance above to see a breakout so unless we see people start to really buy, and im talking heavy purchases, we will continue in this fashion. Yo can say we are in a consolidation period, but I believe as investors, everyone is waiting to see where we go or people are afraid to enter in positions at this point. i have funds on reserve whether or not it dips closer to 6k which has been a strong area to buy and i keep watching to see if we will hit that area again. We have come close but on the daily bouncing between 6.1k and 6.4k on average.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.