https://www.tradingview.com/chart/X8yaAewV/
Looks like a triple top on the hourly with steep resistance at 8230 satoshis. Last three days have been rejecting at this point. At this point 15:46 UTC we are still unable to break past this level and hold it. With BTC still in a firm bear market the odds of breaking past it very far and holding it are very slim in my opinion, but I'm not expert. Definitely worth watching considering we are right up against this price point.
Looks like a triple top on the hourly with steep resistance at 8230 satoshis. Last three days have been rejecting at this point. At this point 15:46 UTC we are still unable to break past this level and hold it. With BTC still in a firm bear market the odds of breaking past it very far and holding it are very slim in my opinion, but I'm not expert. Definitely worth watching considering we are right up against this price point.
Comment:
Looks like we have managed to break up past the 8230 point I mentioned. Volume increased significantly and we hit 8300 sats but a pullback has started. Still not convinced we won't dip back below 8230 within the next 12 to 24 hours but that's just me being very conservative in a market that is still profoundly bearish.