Support at $6k proved strong, as the volume profile suggested. I belive this was the bottom, confirmed by the daily volume spikes. BTC should restore and move sideways between $7-8k, spiking between the green and blue trendlines. A few more tests of the $6k support are possible these days.
The stocks market crash could move some funds to crypto this week and as always, news will affect the price much more than any price analysis can predict.
The stocks market crash could move some funds to crypto this week and as always, news will affect the price much more than any price analysis can predict.
Note
I believe BTC will will consolidate around the moving averages for some time and move above them before mid March. $10-11k price range will hold the biggest resistance.However, I still think the price will confirm the green uptrend since Jul-2017 at least once more.
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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.