No definite trend for Bitcoin. Next week will be very crucial.
Absolutely no movement for BTC since last 3-4 days.Moving in very tiny range and not able to breakout or breakdown
While demand has been building up around 40k. A continuation of the downtrend can not be ruled out too
Bullish Bias:
The 3D trend demand holds for BTC and it forms a higher high - higher low structure. Continuation of this demand will push BTC to 48k minimum where the weekly supply is very strong.The 3D demand extends upto 37k and I won't be much worrying until 37k is gone.
I will certainly be a big buyer for BTC at 37k
Bearish Bias.
BTCUSDT
Continued Formation of Downtrend for BTC on LTF since it's last rejection from weekly supply of 48k. Bearish expansion happening after each down spurt. Breaking 37k will not be good for bears.Currently indecision in market. The upcoming week will be very very crucial for market
While demand has been building up around 40k. A continuation of the downtrend can not be ruled out too
Bullish Bias:
The 3D trend demand holds for BTC and it forms a higher high - higher low structure. Continuation of this demand will push BTC to 48k minimum where the weekly supply is very strong.The 3D demand extends upto 37k and I won't be much worrying until 37k is gone.
I will certainly be a big buyer for BTC at 37k
Bearish Bias.
BTCUSDT
Continued Formation of Downtrend for BTC on LTF since it's last rejection from weekly supply of 48k. Bearish expansion happening after each down spurt. Breaking 37k will not be good for bears.Currently indecision in market. The upcoming week will be very very crucial for market
Comment:
Edit: Breaking 37k won't be good for bulls.
