Bitcoin is currently at a significant level of demand.
The last 3 times price reached the zone we currently find ourselves, we saw a large move to the upside.
I expect the same here, with a potential exit around $8100, which happens to have several resistance points:
- volume profile point of control
- 50% Fibonacci retracement level
- and 4-month trend line resistance line
The last 3 times price reached the zone we currently find ourselves, we saw a large move to the upside.
I expect the same here, with a potential exit around $8100, which happens to have several resistance points:
- volume profile point of control
- 50% Fibonacci retracement level
- and 4-month trend line resistance line