Bitcoin 1H Range Analysis
Bullish (higher high) ranges are in orange/yellow. Bearish ranges (lower low) are in light blue.
We have spent >4x longer in the $7,400 - $8,200 range than any local lower range. This is a bearish indicator as it indicates that Bitcoin is cooling and buyers are less confident in upward price momentum.
We also have not even attempted to break the $8,200 resistance.
We have spent >4x longer in the $7,400 - $8,200 range than any local lower range. This is a bearish indicator as it indicates that Bitcoin is cooling and buyers are less confident in upward price momentum.
We also have not even attempted to break the $8,200 resistance.
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