Daily Market Analysis - BTC
The market cap is up to 271B. Dominance is up to 68.71%. The price of Bitcoin is at 10,400.
Price action continues to range between 9,900 - 10,500. Until the next major support or resistance point is broken, we remain neutral on directional bias.
Smaller timeframes between the 15 min and 1 hour are bullish, but the four hour is overbought. If there is short-term bullish price action, we could see continuation of price action on the higher time frames.
Over the weekend, we want to watch for a breach above 10,700 or below 9,500.
Bearish: If short-term price action breaks below 9,700, the next support to watch is 9,400.
Bullish: If we break above 10,700, the next resistance point to watch is at 11,300.
Bullish 55% / Bearish 45%
Price action continues to range between 9,900 - 10,500. Until the next major support or resistance point is broken, we remain neutral on directional bias.
Smaller timeframes between the 15 min and 1 hour are bullish, but the four hour is overbought. If there is short-term bullish price action, we could see continuation of price action on the higher time frames.
Over the weekend, we want to watch for a breach above 10,700 or below 9,500.
Bearish: If short-term price action breaks below 9,700, the next support to watch is 9,400.
Bullish: If we break above 10,700, the next resistance point to watch is at 11,300.
Bullish 55% / Bearish 45%
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