Bitcoin might be volatile in the next 8-12 hours
BTC UPDATE
A few takes from this daily closure:
- Bulls are trying to build a new support at
64K area.
- Bears are waiting at
65K area to drop the price again.
- Strong breakout trendlines are there to hold the price where I expect more bulls to join in.
- Some ranging between65K - 64K is expected for some time until we have a clear breakout either side.
- 4hr timeframe has second last candle as engulfing candle indicating that the bulls are there somewhere at around 62k.
My take:
I think after 8 - 12 hours we'll see some sort of movement and I'll wait patiently. Lows can be retested again and BTW I am not bearish at all!
$59.5 - $62 support is getting retested that's all what I see it as! Bitcoin is still in the price discovery mode!
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A few takes from this daily closure:
- Bulls are trying to build a new support at
64K area. - Bears are waiting at
65K area to drop the price again.- Strong breakout trendlines are there to hold the price where I expect more bulls to join in.
- Some ranging between
65K - 64K is expected for some time until we have a clear breakout either side.- 4hr timeframe has second last candle as engulfing candle indicating that the bulls are there somewhere at around 62k.
My take:
I think after 8 - 12 hours we'll see some sort of movement and I'll wait patiently. Lows can be retested again and BTW I am not bearish at all!
$59.5 - $62 support is getting retested that's all what I see it as! Bitcoin is still in the price discovery mode!
If you've liked the idea make sure to give a LIKE!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.