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%
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.