Hello everyone! This is CryptoRobotics' trader-analyst with your daily market analysis.
Yesterday, Bitcoin continued accumulating around our marked level of $87,000 without dropping below it.
Today, we broke the key high of $88,800 and are now seeing a surge in volume.
Our main scenario remains a continuation of the uptrend toward the next sell zone or until we encounter abnormally strong market or limit sell pressure (a sharp volume spike followed by a failure to hold above, or a technical trend break).
At this stage, it's important to secure a position above $90,500 — in that case, the current volume spike may act as support, providing a good opportunity to join the long side.
If not, we expect a return to the $88,000 area.
Sell Zones:
$95,000–$96,700 (accumulated volume),
$97,500–$98,400 (initiative pushing volumes),
$107,000–$109,000 (volume anomalies).
Buy Zones:
$90,300–$89,500 (potential pushing volume zone),
$88,100–$87,000 (absorption of market selling),
$85,500–$84,000 (accumulated volume),
$82,700–$81,400 (high-volume area),
Level at $74,800,
$69,000–$60,600 (accumulated volume).
This publication is not financial advice.
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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.