I am still bullish on Bitcoin at this range.
Coinbase is selling hard here, but there is strong support in this region. I believe there will be a transfer of coins from the active sellers to the passive buyers. Once they are done selling, I believe price will remain above 63k, and there will be a final break of resistance into a true breakout.
However, if price does drop below support / consolidation is bearish, this idea will be invalidated.
Coinbase is selling hard here, but there is strong support in this region. I believe there will be a transfer of coins from the active sellers to the passive buyers. Once they are done selling, I believe price will remain above 63k, and there will be a final break of resistance into a true breakout.
However, if price does drop below support / consolidation is bearish, this idea will be invalidated.
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Disclaimer
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.