The market cap is down to $304B. Dominance continues to rise and is up to 68.36%. The price of Bitcoin is at 11,600.
Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume.
However, that volume came and went in under 4 hours time.
Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.
Bearish: Volume continues to decline and the price pulls back to support levels near 11,000.
Bullish: A divergence forms on smaller timeframes, or an unusually high amount of volume enters the market in a small period of time and the price tests 12,300 resistance again.
Bearish 60% / Bullish 40%
Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume.
However, that volume came and went in under 4 hours time.
Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.
Bearish: Volume continues to decline and the price pulls back to support levels near 11,000.
Bullish: A divergence forms on smaller timeframes, or an unusually high amount of volume enters the market in a small period of time and the price tests 12,300 resistance again.
Bearish 60% / Bullish 40%
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Disclaimer
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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.