The global market cap has continued its run and is up to $280B. Dominance has followed and is also up to 65.72%. The price of Bitcoin is at 10,300.
Price action has had further continuation upwards after the price action pulled back from 10,100 and bounced off of 9,800 support up to 10,400.
The stochastic RSI has broken it's resistance, which further suggests increasing momentum on the way up.
Furthermore, we can see the oversold MACD could potentially see a bullish crossover here, and that would reinforce confirmation of a large move.
Bearish: If the price is unable to break the conversion line resistance (Blue), the price could fall back to 9,500 - 9,800.
Bullish: If the price action breaks above the current resistance point, we should see a push up to 10,700 - 11,000.
Bullish 60% / Bearish 40%
Price action has had further continuation upwards after the price action pulled back from 10,100 and bounced off of 9,800 support up to 10,400.
The stochastic RSI has broken it's resistance, which further suggests increasing momentum on the way up.
Furthermore, we can see the oversold MACD could potentially see a bullish crossover here, and that would reinforce confirmation of a large move.
Bearish: If the price is unable to break the conversion line resistance (Blue), the price could fall back to 9,500 - 9,800.
Bullish: If the price action breaks above the current resistance point, we should see a push up to 10,700 - 11,000.
Bullish 60% / Bearish 40%
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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.