BTC Bearish View $8k - $6k
There are two zone where volume has highly traded 10k - 8.6k and 7.5k - 6.6k. As you can see in chart there is no volume above & below of first zone (Signifies buyers are not interested) and there are some unfilled CME Gaps near second zone.
So considering all dynamics (Vol, CME Gaps, Stocks, QE, micro data). BTC It is likely to test 7.5k - 6.6k in next 2-3 months once 8.6k is broken on weekly time frame.
Short term : Bearish but possibility of one move up.
Mid term : Highly bearish.
So considering all dynamics (Vol, CME Gaps, Stocks, QE, micro data). BTC It is likely to test 7.5k - 6.6k in next 2-3 months once 8.6k is broken on weekly time frame.
Short term : Bearish but possibility of one move up.
Mid term : Highly bearish.
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