BTCUSD Bitcoin hit resistance at the $70,000 price area and trading back down towards $60,000 where it is currently retesting the 200MA. Volume Profile shows the potential whale buying area and if we fail to hold here, then we may abruptly decline towards the next test area at $55,000. Market Conditions: bad, VIX at 20
Crypto Fear/Greed Index: still trading at optimistic levels
Near term bearish, long term bullish.
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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.