Connect with us

Crypto Mining

Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Published

on

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:

Figure 1: BTC-USD, Daily Candles, Narrow Range

The blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Since re-establishing support, the market has yet to see a meaningful retest of the overhead resistance outlined above in the red dashed ...

Read More

Continue Reading

Latest

Companies