Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Good morning tribe.
Upward buying pressure has increased as we head deeper into the week. I see a nice steady flow of buys over the last 12 hours indicating building market confidence. I believe we will be testing resistance at $8.3k soon as positive buying sentiment returns to the market.
The chart could be slightly exaggerated(
) but I think the market is going to move back towards that over all trend line at $9.5k+.
#dyor #btfd
Upward buying pressure has increased as we head deeper into the week. I see a nice steady flow of buys over the last 12 hours indicating building market confidence. I believe we will be testing resistance at $8.3k soon as positive buying sentiment returns to the market.
The chart could be slightly exaggerated(
) but I think the market is going to move back towards that over all trend line at $9.5k+. #dyor #btfd
I don't want to be rain on your parade but would like to add the test between 8.4k/8.5k. If it goes up from there I think will reach 11k range again. Otherwise quite bearish.