Bitcoin faced an unfortunate selloff to the lower bound of the range it has been holding. We faced a sharp selloff from just below $30K back down to $28.8K. We anticipate further support from $27.9K if needed, but after that there is a vacuum zone down to 
25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining $30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than 
4K for over two weeks now. If we are able to break out, then 
31K seems to be a hard upper bound for now, with $34K an absolute ceiling.
25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining $30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than 4K for over two weeks now. If we are able to break out, then 31K seems to be a hard upper bound for now, with $34K an absolute ceiling. 
Join my discord at discord.io/quantguy
Related publications
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.
Join my discord at discord.io/quantguy
Related publications
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.