Daily Market Analysis - BTC
The market is up to 261.88B. Dominance is up to 55.97%. The price of Bitcoin is testing resistance at 8300.
Price has continued to climb, and the current daily candle indicates buying pressure at 8000.
However, the topside resistance has maintained and price has been unable to breakout.
The TRIX is oversold and indicating a buy signal as well as the Stochastic RSI.
Bearish: Price is rejected at current level of resistance and falls back down to 7400-7700.
Bullish: Volume continues building and price breaks through topside resistance at 8300 and moves up to 8500-8700.
Bullish 60% / Bearish 40%
Price has continued to climb, and the current daily candle indicates buying pressure at 8000.
However, the topside resistance has maintained and price has been unable to breakout.
The TRIX is oversold and indicating a buy signal as well as the Stochastic RSI.
Bearish: Price is rejected at current level of resistance and falls back down to 7400-7700.
Bullish: Volume continues building and price breaks through topside resistance at 8300 and moves up to 8500-8700.
Bullish 60% / Bearish 40%
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