After threatening to break 70K, the sellers stepped up and have moved Bitcoin down some
10K.
It is likely the buyers will gain some control, and see price move back towards the
200 MAV and Minor Supply Zone.
The RSI was printing Bearish Divergence since 16th of July, and since the corrective move continues to travel in the Sell Zone.
The Target is suggested to be the unmitigated Demand Zone at 57K. This should be
achieved in the coming week.
10K.
It is likely the buyers will gain some control, and see price move back towards the
200 MAV and Minor Supply Zone.
The RSI was printing Bearish Divergence since 16th of July, and since the corrective move continues to travel in the Sell Zone.
The Target is suggested to be the unmitigated Demand Zone at 57K. This should be
achieved in the coming week.
Note
There it is, the big break of 57k. Cool
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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.
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.