The market cap is down to $304B. Dominance continues to rise and is up to 68.36%. The price of Bitcoin is at 11,600.
Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume.
However, that volume came and went in under 4 hours time.
Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.
Bearish: Volume continues to decline and the price pulls back to support levels near 11,000.
Bullish: A divergence forms on smaller timeframes, or an unusually high amount of volume enters the market in a small period of time and the price tests 12,300 resistance again.
Bearish 60% / Bullish 40%
Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume.
However, that volume came and went in under 4 hours time.
Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.
Bearish: Volume continues to decline and the price pulls back to support levels near 11,000.
Bullish: A divergence forms on smaller timeframes, or an unusually high amount of volume enters the market in a small period of time and the price tests 12,300 resistance again.
Bearish 60% / Bullish 40%
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.