Bitcoin made a sharp move higher, then refused to give much of it back. Instead of fading, price is holding tight just beneath resistance.
Every dip continues to attract buyers near the rising support line. At the same time, the lows keep climbing. To me, that looks like supply is being absorbed while pressure builds beneath the ceiling.
BTC may stay in this range a little longer. What I’m watching for is a clean breakout and firm hold above resistance. If that happens, 90,000 becomes the next level on my radar.
The setup loses strength if rising support fails and price breaks below the recent lows.
This is my personal market view, not financial advice.
Every dip continues to attract buyers near the rising support line. At the same time, the lows keep climbing. To me, that looks like supply is being absorbed while pressure builds beneath the ceiling.
BTC may stay in this range a little longer. What I’m watching for is a clean breakout and firm hold above resistance. If that happens, 90,000 becomes the next level on my radar.
The setup loses strength if rising support fails and price breaks below the recent lows.
This is my personal market view, not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.