The recent strong downtrend as produces a small gap on the CME at 35.3k. Price has reached range support and the technicals are pulling out of oversold. The possibility of a relief rally to close the gap is there.
39.6k is a point of confluent resistances and can be a final target. The price might falter at any time and head to close the big gap at 23.8k.
39.6k is a point of confluent resistances and can be a final target. The price might falter at any time and head to close the big gap at 23.8k.
Comment:
BTC1! is still ranging with CCI breaking out of its downtrend but RSI still testing its downward trendline.
