BTC closed the weekly candle at the lowest level since Nov 2020.
The recent previous candle close that has acted as support and a buying range may now flip and become resistance and a selling point. The range is identified in the ORANGE zone.
I see BTC testing previous yearly low for buyers, if none are found, then a stop loss hunt will begin to push price to lower.
Good Luck
The recent previous candle close that has acted as support and a buying range may now flip and become resistance and a selling point. The range is identified in the ORANGE zone.
I see BTC testing previous yearly low for buyers, if none are found, then a stop loss hunt will begin to push price to lower.
Good Luck
See, that orange band is resistance now. Flipped from being support. I expect that after today's candle close, BTC price could dive down looking for buyers. 18,500 is important to hold, or BTC will test new lows, much like SPX did today.