BTC Bitcoin Decision Point
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**BTC Current Demand Zone**
Demand Zone Indicated. BTC has been bouncing off of this zone around mid 45k 3x now.
BUT BTC has also been making lower highs
**What does this mean?**
- This means that the market is showing a lot of weakness, yes But the demand is also there. The market currently has a neutral behavior that is a little bit biased to the downside.
- Decision point very soon (Expect bigger volatility)
--> Failing to hold this demand zone would result to low 40k level
--> If we breakout above this pennant formation, $51-52k would be next resistance level and there is a high chance to re-test 53k again
**BTC Current Demand Zone**
Demand Zone Indicated. BTC has been bouncing off of this zone around mid 45k 3x now.
BUT BTC has also been making lower highs
**What does this mean?**
- This means that the market is showing a lot of weakness, yes But the demand is also there. The market currently has a neutral behavior that is a little bit biased to the downside.
- Decision point very soon (Expect bigger volatility)
--> Failing to hold this demand zone would result to low 40k level
--> If we breakout above this pennant formation, $51-52k would be next resistance level and there is a high chance to re-test 53k again
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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.