Bitcoin: Thoughts and Analysis
Today's focus: Bitcoin
Pattern – Range test
Support – 25,600 – 25,280
Resistance – 26,080 – 27,630
Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure.
Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower?
Have a great day and good trading.
Pattern – Range test
Support – 25,600 – 25,280
Resistance – 26,080 – 27,630
Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure.
Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower?
Have a great day and good trading.
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