BTCUSD - Will BTC follow trend or break trend?
Today's BTC daily close is at a critical resistance point. Will BTC price break the down trend and retest the highs?
The volume seems it indicate that there is more bearish pressure than bullish pressure. That being said, there may be a liquidity grab to push the price to lower 11K-11.5k ranges before a drop down to test previous support in the 9K ranges. However, if the price starts to go side ways in the 11K ranges or creates a new high, there is a strong case for the bulls.
Cheers, happy trading!
The volume seems it indicate that there is more bearish pressure than bullish pressure. That being said, there may be a liquidity grab to push the price to lower 11K-11.5k ranges before a drop down to test previous support in the 9K ranges. However, if the price starts to go side ways in the 11K ranges or creates a new high, there is a strong case for the bulls.
Cheers, happy trading!
Smart Crypto Association [ SCA ]
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