BitcoinLong
BTC Short Term Outlook
Didn't expect that recent move up, but at least i was sitting flat.. from this point one can only react.
Price is currently moving back towards $6800 resistance with increased buying volume after making a definitive higher low. Since we've already wicked up to this supply zone twice, in my opinion it won't take a lot of strength to finally break through a third time around.
I have bids staggered from roughly 6560 down to 6390 (see blue horizontals), but if these don't fill I will look to enter long if the price consolidates around $6800.
Target 1: $7800
Price is currently moving back towards $6800 resistance with increased buying volume after making a definitive higher low. Since we've already wicked up to this supply zone twice, in my opinion it won't take a lot of strength to finally break through a third time around.
I have bids staggered from roughly 6560 down to 6390 (see blue horizontals), but if these don't fill I will look to enter long if the price consolidates around $6800.
Target 1: $7800
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