Daily Market Analysis - BTC
The global market cap is down to 269B. Dominance is up to 69.14%. The price of Bitcoin is at 10,400.
Despite the decline in market volume, we can see the daily candle is making a higher high and higher low (bullish)
The StochasticRSI is curling up, but has not passed any confirmation level, and both daily wicks tell us there is strong buying pressure below the 10,000 price level.
Over the weekend, the ideal bullish case would be to to see the price break above 10,700 - 11,000 resistance supported by strong volume.
If there is a lack of volume over the weekend, we could range between 10,000 - 10,700
Bearish: If the price action closes below 9,700, we could dip back to the 9,000 - 9,400 range.
Bullish: If volume picks up over the weekend and price action breaks through resistance, there is potential to reach 11,000 - 11,500
Bullish 60% / Bearish 40%
Despite the decline in market volume, we can see the daily candle is making a higher high and higher low (bullish)
The StochasticRSI is curling up, but has not passed any confirmation level, and both daily wicks tell us there is strong buying pressure below the 10,000 price level.
Over the weekend, the ideal bullish case would be to to see the price break above 10,700 - 11,000 resistance supported by strong volume.
If there is a lack of volume over the weekend, we could range between 10,000 - 10,700
Bearish: If the price action closes below 9,700, we could dip back to the 9,000 - 9,400 range.
Bullish: If volume picks up over the weekend and price action breaks through resistance, there is potential to reach 11,000 - 11,500
Bullish 60% / Bearish 40%
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.