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!