Daily Market Analysis - BTC
The market cap is down to 264B. Dominance is down to 69%. The price of Bitcoin is at 10,100.
Yesterday, the price was unable to hold support at 10,700 and pulled back to 9,850 and has since moved back above 10,000.
Smaller timeframes show low levels of volume, if the price cannot close above 10,500, we could have another leg down to 9,700.
Bearish: If volume is unable to pick up, we are likely to see a re-test of support 9,700.
Bullish: If volume increases over the next few hours, and the resistance at 10,300 is breached, we could move up to 10,500.
Bearish 60% / Bullish 40%
Yesterday, the price was unable to hold support at 10,700 and pulled back to 9,850 and has since moved back above 10,000.
Smaller timeframes show low levels of volume, if the price cannot close above 10,500, we could have another leg down to 9,700.
Bearish: If volume is unable to pick up, we are likely to see a re-test of support 9,700.
Bullish: If volume increases over the next few hours, and the resistance at 10,300 is breached, we could move up to 10,500.
Bearish 60% / Bullish 40%
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