The global market cap is slightly up at $303B. Dominance has inched up to 69.87%. The price of Bitcoin is just under 11,900.
Over the past 4 days, we can see a clear range forming within the price action.
11,300 has held up as strong support, and daily candles are making higher lows.
There are bullish Stochastic RSI divergences the 4-hour time frame (white trendlines for those in discord)
The TRIX still has room for upward momentum.
As long as the support at 11,300 is able to hold throughout the weekend, the case for price is action is more bullish.
Bearish: If the price breaks support below 11,300, the next point of support is 11,000
Bullish: If buying pressure continues to increase and we see volume pick up, the price action could break to the upside and test resistance near 12,500.
Bullish 65% / Bearish 35%
Over the past 4 days, we can see a clear range forming within the price action.
11,300 has held up as strong support, and daily candles are making higher lows.
There are bullish Stochastic RSI divergences the 4-hour time frame (white trendlines for those in discord)
The TRIX still has room for upward momentum.
As long as the support at 11,300 is able to hold throughout the weekend, the case for price is action is more bullish.
Bearish: If the price breaks support below 11,300, the next point of support is 11,000
Bullish: If buying pressure continues to increase and we see volume pick up, the price action could break to the upside and test resistance near 12,500.
Bullish 65% / Bearish 35%
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