Hey traders, quick Bitcoin update on the 4H. At the moment we are hovering between 6500-7500 support, move on the 7500 side (the yellow box is heavy accumulation zone).
The quick spike up from 6500 we had on the 18th shows me that bears can't push the price down below that, and even come close to breaking 6500. Now this year we should close right below 7500 weekly level, until the new year when we break above it and head up to 9950.
I do not think price will stay this low for that long.
As always please do your own research, I am not a financial advisor.
The quick spike up from 6500 we had on the 18th shows me that bears can't push the price down below that, and even come close to breaking 6500. Now this year we should close right below 7500 weekly level, until the new year when we break above it and head up to 9950.
I do not think price will stay this low for that long.
As always please do your own research, I am not a financial advisor.