The global market cap has risen up to $275B. Dominance is up to 65%. The price of Bitcoin is at 10,000.
Price action was able to break above the short-term resistance, moving up from 9500 - 10,000.
The Stochastic RSI is above 30 and the RVI shows us that momentum is picking up while the volatility is lower than the prior crossover rejections that took place on the stochastic RSI (red arrows).
Rising volume and a bullish divergence on the 1-hour time frame suggest that the upwards momentum could continue.
Bearish: The price is unable to break above resistance at 10,100 and pulls back to 9,500.
Bullish: Price action breaks above resistance at 10,100 which would cause the stochastic RSI to rise above resistance(yellow) and confirming bullish momentum with a possible move up to 10,700.
Bullish 65% / Bearish 35%
Price action was able to break above the short-term resistance, moving up from 9500 - 10,000.
The Stochastic RSI is above 30 and the RVI shows us that momentum is picking up while the volatility is lower than the prior crossover rejections that took place on the stochastic RSI (red arrows).
Rising volume and a bullish divergence on the 1-hour time frame suggest that the upwards momentum could continue.
Bearish: The price is unable to break above resistance at 10,100 and pulls back to 9,500.
Bullish: Price action breaks above resistance at 10,100 which would cause the stochastic RSI to rise above resistance(yellow) and confirming bullish momentum with a possible move up to 10,700.
Bullish 65% / Bearish 35%
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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.