Voluem
Bitcoin sitting above new supportNow I posted a massive move coming in the next 24hrs, did we hit it? Short answer I don't believe we seen the massive move in price, but we have seen something very bullish. At the time of wrting this bitcoin is trying to hold support above 7688 give or take. My support lines are not accurate, but they are close enough where the now the vpvr is showing as a major trading volume.
I as you see I drew a pitchfork, just seeing if there is anything we can go off and well not much. We do see though when it passes or enters the blue area it is meet with rejection, yet at the same time according to this pitchfork we are creating higher highs and higher lows. The goal for today is to break out of this new support if it holds and start heading up to 8196, which would be the big move in price we are looking for.
TA
atm MACD is bearish, yet it is subject to change if we start pumping.
Massive sale volume spikes, yet buyers are there to pick it up and hold the support that was resistance.
RSI is heading to neutral and one can assume we are oversold.
I'll remain bullish until we break the 50ema on the hourly which we tipped and is following the blue zone of "overbought." Breaking the 50ema would be bad, yet we markets open was meet with sale preasure that was bought up. Along with GBTC is up almost 2%, which puts BTC target pass 8196.
