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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.