Happy Monday everyone! In this technical analysis, I analyzed a portion of the price action on Bitcoin, present on hourly timeframes. I did more of an educational post on the long term variables of BTC a few days ago on the 10th, so I will be keeping it brief tonight but please refer back to the 12 hour post, which I will link at the bottom!
Bitcoin is still pressing the new all time highs which you can see clearly here tonight, with a test of our final supply zone at $19,600. Be aware, this is where interest is peaked. As you can see, we have our eyes locked on the fresh Daily Demand zone, assuming this is a possible case where price wants to continue pushing through that supply zone into the $20,000 region. We have our daily demand as our dynamic support and will be patient, as we also assume a pullback.
Similarly, keep your eye out for total market cap bullish sentiment, they will go hand in hand in this climb.
Lastly... patience, patience, patience.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bitcoin is still pressing the new all time highs which you can see clearly here tonight, with a test of our final supply zone at $19,600. Be aware, this is where interest is peaked. As you can see, we have our eyes locked on the fresh Daily Demand zone, assuming this is a possible case where price wants to continue pushing through that supply zone into the $20,000 region. We have our daily demand as our dynamic support and will be patient, as we also assume a pullback.
Similarly, keep your eye out for total market cap bullish sentiment, they will go hand in hand in this climb.
Lastly... patience, patience, patience.
Follow me for free, consistent, expert updates, with clear explanations and charts.
Please like if you support this post!
- Sharing Profit
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
