Analytics BTC/USD
We consider the hour chart, which shows that today's price did not update the daily minimum and confidently passed the level of 6400. Subsequently, if the rate drops to this value, it will be the consolidation zone. Sales intensified at 6450, and the milestone of 6,500 did not take. This is due to the fact that the observed growth is not due to purchases, but the bulk of sellers are waiting for higher prices, allowing the asset to grow. We are still in a high-risk zone in this case.
If today's trades close in the range of 6300 - 6350 it will be the sign of the fall of the rate to 6250. BTC slowly go up to 6600-6700 in the optimistic scenario, which will be a zone of sellers and a lots of short positions.
If today's trades close in the range of 6300 - 6350 it will be the sign of the fall of the rate to 6250. BTC slowly go up to 6600-6700 in the optimistic scenario, which will be a zone of sellers and a lots of short positions.
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.