Bitcoin has been fairly bullish this week and we have approached an area of significance near the 9500 quarter level.
We have lots of price action at this area which was the last time we traded above 10000 as well!
Watch to see if we can break 9500 with a lot of STRENGTH and bullish momentum in order to confirm the setup we are looking for and anticipating. We are at that point where we can EXPECT investors to start taking profit on their open positions and it is unlikely for us to see people using this price zone we are currently trading at as an area to average down their positions from an investments perspective. Overall sentiment for me still remains bearish due to fundamentals however the technicals do NOT indicate a clear entry point at this moment, speculating price to trade up towards 9600
We have lots of price action at this area which was the last time we traded above 10000 as well!
Watch to see if we can break 9500 with a lot of STRENGTH and bullish momentum in order to confirm the setup we are looking for and anticipating. We are at that point where we can EXPECT investors to start taking profit on their open positions and it is unlikely for us to see people using this price zone we are currently trading at as an area to average down their positions from an investments perspective. Overall sentiment for me still remains bearish due to fundamentals however the technicals do NOT indicate a clear entry point at this moment, speculating price to trade up towards 9600