mxc111

BTC - few sellers but where are the buyers?

GEMINI:BTCUSD   Bitcoin
Technical:

Since late January BTC has had three lower highs - looks like a bottom may have formed

however, bullish signs are weak

Market context:

IMHO there are very few sellers left, hence the bottom. But the buyers have not come back yet when they will BTC enters an uptrend.

Status:

sideways channel with a bias to the upside

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.