BTC consolidation before 80k?
Looking for a weekly close above 58k and ideally above 60k.
Otherwise there's a good chance we revisit 51k. Still would look bullish as long as we stay above 51k. Going below 51k at this point would not be good and could take us to 35k or lower.
Positives: RSI has been moving into the bullish range. Findings support above 60 would be extremely bullish.
Negatives: The biggest concern remains volume, which frankly has been lacking in all crypto markets.
Otherwise there's a good chance we revisit 51k. Still would look bullish as long as we stay above 51k. Going below 51k at this point would not be good and could take us to 35k or lower.
Positives: RSI has been moving into the bullish range. Findings support above 60 would be extremely bullish.
Negatives: The biggest concern remains volume, which frankly has been lacking in all crypto markets.
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