@degen-chad

$BTC Daily Chart: Some reason for caution. The volume on the capitulation bottom/spring was good, but it’s been steady down only as price has gone up only. This is usually a bearish signal. The volume doesn’t need to match that bottoming candle, but it does need to break the trend line. Price is currently in a rising channel, and sitting in the bottom of it. If it loses that, I think we see 98k at least one more time. Break the top of the channel, and it’s off to all time highs. -Best case scenario here is golden cross on high volume sending us to all time highs. -Bearish scenario is losing the channel bottom and going back to sub 100k. Let’s see how/if the traditional market open in about 20 minutes impacts the BTC price…

4 replies

1 recast

17 reactions