BTC update. Bulls in control .. but for how long?
Updated
Price is ranging around the supply area created at previous highs.
- 7260 needs to hold if we are to continue up , a violation of this low will be telling for the medium term price action potentially opening the door to 6800 if this level is broken.
- 7260 needs to hold if we are to continue up , a violation of this low will be telling for the medium term price action potentially opening the door to 6800 if this level is broken.
Note
New low formed at 7400 , continuing bullish bias untill this low is taken out.
- Taken note that we are at supply and there is a above average chance of a selloff.
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