BTC has been under selling pressure since the 6th of September, but may have found near-term support.
Note the current Pivot Points P and R1, and recent price behavior of this crypto.
My apologies for the way tradingview reformats the OHLC bars (reduces them to barely visible). The chart is much more legible before they change it to micro bars, shows conformity to the P and R1 points.
Note the current Pivot Points P and R1, and recent price behavior of this crypto.
My apologies for the way tradingview reformats the OHLC bars (reduces them to barely visible). The chart is much more legible before they change it to micro bars, shows conformity to the P and R1 points.
Comment:
Next point of interest that I'm watching is the Anchored VWAP from Aug 31, which is currently at $47,599. If BTC can breakthrough this level, then anticipate a run to $51,600 or $52,000