Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 08/11/2021, 01:08:49 UTC
⭐ Merited by JayJuanGee (2) ,Hueristic (1)
$61K held as support, $64K was broken, therefore $65K now being re-tested. Price closed at the highest ever Weekly close of $63.3K while as of today is on the second ever highest Daily close.
Looks like this week is set for a new ATH if the day ends as well as it started. Within an hour of the Weekly ATH close, price has increased by 3+% / $2K, this says a lot about the bullish momentum.

Price remains bullish while holding the $61K local volume point of control. Bouncing off this support will likely bring about a re-test of $65,000 and a clear path towards higher highs.