The market is down to $277.78B. Dominance is slightly down to 66.57%. The price of Bitcoin is at 10,450.
Over the past day, the price action has been ranging between 10,000 and 10,700.
On the 1-hour time frames a clear bull divergence has formed between the price and the stochastic RSI which tells us buying pressure has followed the price up in the order books.
If the buying pressure persists over the weekend, the divergence should lead to another leg up in price action.
On the other hand, if the 10,100 support level is unable to hold over the weekend, we could see another re-test of support in the 9,500 range.
Bearish: Support at 10,100 breaks down and the price moves down 9,000 - 9,500
Bullish: Resistance at 10,700 breaks down and the price action moves up to 11,000 - 11,500
Bullish 55% / Bearish 45%
Over the past day, the price action has been ranging between 10,000 and 10,700.
On the 1-hour time frames a clear bull divergence has formed between the price and the stochastic RSI which tells us buying pressure has followed the price up in the order books.
If the buying pressure persists over the weekend, the divergence should lead to another leg up in price action.
On the other hand, if the 10,100 support level is unable to hold over the weekend, we could see another re-test of support in the 9,500 range.
Bearish: Support at 10,100 breaks down and the price moves down 9,000 - 9,500
Bullish: Resistance at 10,700 breaks down and the price action moves up to 11,000 - 11,500
Bullish 55% / Bearish 45%
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.