The global market cap has moved up to $273B and dominance is down to 64.25%. The price of Bitcoin is at 9,800.
The squeeze on price has continued another day without a break for confirmation.
The price range over the past 3 days is making higher lows and tightening into a sharper range conveying the amount of indecision in the market regarding current price action.
In addition, the indicators have become heavily oversold, which tells us that a breakout should be nearing.
Lowered volatility levels, a strong bullish kumo on the ichimoku, and increasingly positive fundamentals should bolster the price action once the indecision and fear among market participants begins to diminish.
Bearish: Lacking interest over the weekend could lead to declining volume causing the price to either range or re-test lows at local support near 9,000.
Bullish: Positive technicals and lowering volume on the way down could cause a bottom to support acting a springboard for volume which could push the price back up to 10,500 - 11,500
Bullish 60% / Bearish 40%
The squeeze on price has continued another day without a break for confirmation.
The price range over the past 3 days is making higher lows and tightening into a sharper range conveying the amount of indecision in the market regarding current price action.
In addition, the indicators have become heavily oversold, which tells us that a breakout should be nearing.
Lowered volatility levels, a strong bullish kumo on the ichimoku, and increasingly positive fundamentals should bolster the price action once the indecision and fear among market participants begins to diminish.
Bearish: Lacking interest over the weekend could lead to declining volume causing the price to either range or re-test lows at local support near 9,000.
Bullish: Positive technicals and lowering volume on the way down could cause a bottom to support acting a springboard for volume which could push the price back up to 10,500 - 11,500
Bullish 60% / Bearish 40%
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