Bitcoin Analysis
Bitcoin is now trading between a key level of support and resistance.
The range is now $28,000 - $42,000 and for the bull market to continue bitcoin will need to trade above $42,000 again.
falling below $28,000 will most likely see price action take price to $18,000 levels were the cycle started.
volume is dropping off, however OBV is still downtrending.
The range is now $28,000 - $42,000 and for the bull market to continue bitcoin will need to trade above $42,000 again.
falling below $28,000 will most likely see price action take price to $18,000 levels were the cycle started.
volume is dropping off, however OBV is still downtrending.
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.