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bonic
Jul 15, 2022 9:30 AM

BTCUSD short-term TA 

Bitcoin / U.S. dollarBitstamp

Description

Quick update, looks like bulls rejected bears at support. On its way to retest the resistance. Starting to look like a (rising-ish) channel to me. Regardless btc price is currently consolidating. Probably has to do with DXY cooling down a bit after breaking out bullish. While money flow velocity is increasing a bit. Meaning, less and less money is leaving the market in short terms. Somewhere next week we'll see which price action trend trajectory btc will take. Whatever happens the end of the bear market is near.
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