Bitcoin: is price set to get cheaper or.....?
Today's focus: BTCUSD
Pattern – Range, seller test.
Support – 62,000 area
Resistance – 73,000 area
Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily.
With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the 62,000 area.
We have run over a few scenarios. Could we see a move-through support to test the next lower Fibb point? Or will we see support contnue to hold the current range pattern?
Good trading.
Pattern – Range, seller test.
Support – 62,000 area
Resistance – 73,000 area
Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily.
With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the 62,000 area.
We have run over a few scenarios. Could we see a move-through support to test the next lower Fibb point? Or will we see support contnue to hold the current range pattern?
Good trading.
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