BTCUSD: stuck in 7.5~8.3k congestion zone
BTCUSD is marking +5.3% today (while I write this analysis). However, it is being contained by the 8.3k resistance (the upper limit of the 7.5~8.3k congestion zone).
If BTC can gain bullish momentum, there are some important resistances:
For me, everything still seems bearish.
If BTC can gain bullish momentum, there are some important resistances:
- EMA 200: +/- 8.7k
9.1~9.3 resistance zone
For me, everything still seems bearish.
Related publications
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.