What is Bitcoin's Next Move??

2 thg 12, 2021

Bitcoin is maintaining the range between 55.7K and 59.4K. The KRI is indicating support at the lower bound (green triangles) and resistance at the upper bound (red triangles). From here, the crypto market surely needs to establish direction, and we are getting mixed technical signals. The price action does appear to be rounding off, suggesting lower levels, but we are seeing a bit of a bull divergence, potentially suggesting a breakout. If you do start to accumulate at current levels, be advised that we could press lower, and keep a tight stop loss, or plan on adding at lower levels. The lower bound still seems to be 52.8K, but a serious dump could easily take this out. We will need to definitively break 59.4K to see the 60K's again.