BitcoinLong
Local Bottom for Bitcoin? Potential 12.5% Move
After a sharp selloff for Bitcoin, it tested the demand zone and seems to have put in a local bottom for now.
A conservative place to take some profit on a long is around $6400, but if it can clear the resistance around there and around $6650 we may see another push into the supply zone around $6850, or hopefully higher!
If it gets rejected at $6400, this order block would be a nice place to flip short and target somewhere under 6k, possibly even a new yearly low.
A conservative place to take some profit on a long is around $6400, but if it can clear the resistance around there and around $6650 we may see another push into the supply zone around $6850, or hopefully higher!
If it gets rejected at $6400, this order block would be a nice place to flip short and target somewhere under 6k, possibly even a new yearly low.
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