Bitcoin just closed a very bullish daily candle, wicking all the way down to 92k, and closing back above 97k. 💰
This show clear buy pressure at prices under the 96-97k range. This a clear sign that bullish strength is still in the markets, and from here the market is now seeing bullish momentum.
There’s a good chance that we mover higher here into the 100k range. 📈
One of the things will be watching for is volume, as a strong push above 100k with high trading volume would signal for sustained momentum. I will also be looking at key resistence zones beyond 100k, ($101-105k range) which may see some profit taking.
Overall, closing near the day's high is a good sign of renewed confidence. This could pave the way for BTC to reclaim the psychological 100k range soon. 👀
This show clear buy pressure at prices under the 96-97k range. This a clear sign that bullish strength is still in the markets, and from here the market is now seeing bullish momentum.
There’s a good chance that we mover higher here into the 100k range. 📈
One of the things will be watching for is volume, as a strong push above 100k with high trading volume would signal for sustained momentum. I will also be looking at key resistence zones beyond 100k, ($101-105k range) which may see some profit taking.
Overall, closing near the day's high is a good sign of renewed confidence. This could pave the way for BTC to reclaim the psychological 100k range soon. 👀