If the 8800$ resistance level holds then a big decline could be coming...a close above could signal a strong support level..must close in the daily to confirm...I’m very bearish on bitcoin right now but price action knows all..
On the monthly chart bitcoin continues to make lower lows so I agree it could have short term periods of increased volume and buying pressure but the overall long term thesis for me is that bitcoin is honing to at least 6430 in the long term... just going by the charts.... I never try to predict the market I just react swiftly to pre determined scenarios once a specific direction is confirmed....
VincePrince
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Interesting technicals,
here is my overall TA on the BTCUSD