Bitcoin is trading in the $10,000 - $10, 500 area for the fourth consecutive session today. Still, bulls manage to keep the daily closure above $10,200, which is a good sign for the mid-term.
On Wednesday and Thursday (12-13.02), BTC was rejected twice at $10,500 and since then is not able to consolidate properly and make its move to print a new local high. The uptrend is still intact, but it looks to me we are up for a few days, if not weeks of range trading unless we see a spike in volumes. As we discussed last time, the 24-hour volumes fell off a cliff on Tuesday, from $80 billion to $33 before recovering to values between $45 and $50 billion.
Open interest is also increasing for BTC since the beginning of the month.
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On Wednesday and Thursday (12-13.02), BTC was rejected twice at $10,500 and since then is not able to consolidate properly and make its move to print a new local high. The uptrend is still intact, but it looks to me we are up for a few days, if not weeks of range trading unless we see a spike in volumes. As we discussed last time, the 24-hour volumes fell off a cliff on Tuesday, from $80 billion to $33 before recovering to values between $45 and $50 billion.
Open interest is also increasing for BTC since the beginning of the month.
Hit a like and follow me for more weekly and daily updates.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.