COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The market cap is down to $304B. Dominance continues to rise and is up to 68.36%. The price of Bitcoin is at 11,600.

Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume .

However, that volume came and went in under 4 hours time.

Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.

Bearish: Volume continues to decline and the price pulls back to support levels near 11,000.

Bullish: A divergence forms on smaller timeframes, or an unusually high amount of volume enters the market in a small period of time and the price tests 12,300 resistance again.

Bearish 60% / Bullish 40%




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