Market Analysis - BTC
The market cap is down to 269B. Dominance has risen up to 67.75%. The price of Bitcoin is at 10,100.
Price action failed to break above the resistance trendline and will be re-testing the short-term support zone.
Smaller timeframes are overbought, which points to some more potential downside over the weekend.
During that time, we should watch for support to form above 9,800. If support is unable to provide enough buying pressure, we could see swing lows between 9,200 and 9,500 re-tested above the first support zone.
Bearish 60% / Bullish 40%
Price action failed to break above the resistance trendline and will be re-testing the short-term support zone.
Smaller timeframes are overbought, which points to some more potential downside over the weekend.
During that time, we should watch for support to form above 9,800. If support is unable to provide enough buying pressure, we could see swing lows between 9,200 and 9,500 re-tested above the first support zone.
Bearish 60% / Bullish 40%
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