BTC broke through the latest upside trend line, but on low Sunday volume. Let's see if we close there and if volume picks up and breaks through the next support level of 7600ish.
The wicks at 7600 suggest there is buying pressure, but a break could take us down to 7200-7250. Based on the record volume we saw in the 7200-7600 area I'm not expecting it to be so easy to break below 7000. I'm expecting this to be a nice support area. Also, I don't expect to see 6k.
The wicks at 7600 suggest there is buying pressure, but a break could take us down to 7200-7250. Based on the record volume we saw in the 7200-7600 area I'm not expecting it to be so easy to break below 7000. I'm expecting this to be a nice support area. Also, I don't expect to see 6k.
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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.