Bitcoin ‘GOLD 2.0’ Overview: Another day of price being rangebound ($230 price range) much the same as yesterday however into the daily close we are printing a bearish is candle. Bitcoin is still respecting the lower trend line and support at 8650. If price pops below this trend line the bears could close some ground on the previous days wicks to the 8250 region....
Bitcoin ‘GOLD 2.0’ Overview: Price action has seen bitcoin dribble sideways respecting the lower trend line and support now sitting perched to make its next move to gain strength and fly higher or swoop downwards. Until we see a break either way we’re not confirming a bias here. If the bears lock in some coward momentum then you can see 8350 coming into play....
Bitcoin Overview: With the opening of todays candle the bears may take control and push downwards. Support may hold at 8650 with added strength from the upward trendline, we could see price consolidate for a day finding a safe haven in price as of 3-6 days ago. If support fails a pop to 8200 could be in play. Support Levels: $8500-8650 still shows an area of...
Overview of what we see in the charts: Bitcoin saw price fake-out above what seems to have become the critical level at 9000 (Vegeta over 9000 meme territory) only to close back below this area on the close of the daily candle. This choppy price action is a caution as this action traps one side before sending the price in the opposite direction. What we call a...