Slow and Quiet rise holds off the FOMO
I have marked the current support and resistance ranges on the BTC chart. The price action on BItcoin lately has been very encouraging for bulls. With a slow but steady move up in price. This quiet creeping of price seems to be common during times of large or highly-educated buyers. This has also shown in sentiment which has remained around neutral. While On-Chain data also shows a lack of Bitcoin supply on exchanges.
Also worth noting this is for the weekly time frame so the general direction of the month or next few months is illustrated here. While being a horrible indication of immediate hour-to-hour price changes.
Also worth noting this is for the weekly time frame so the general direction of the month or next few months is illustrated here. While being a horrible indication of immediate hour-to-hour price changes.
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