- Bulls are trying to build a new support at 64K area. - Bears are waiting at 65K area to drop the price again. - Strong breakout trendlines are there to hold the price where I expect more bulls to join in. - Some ranging between 65K - 64K is expected for some time until we have a clear breakout either side. - 4hr timeframe has second last candle as engulfing candle indicating that the bulls are there somewhere at around 62k.
My take:
I think after 8 - 12 hours we'll see some sort of movement and I'll wait patiently. Lows can be retested again and BTW I am not bearish at all!
$59.5 - $62 support is getting retested that's all what I see it as! Bitcoin is still in the price discovery mode!
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