Daily Market Analysis - BTC

The global market has remained mostly unchanged and is at 277B. Dominance has has risen up to 69.30%. The price of Bitcoin is at 10,700.

Price action has pulled back from 10,900 and has been able to find support at 10,700.

If the IH&S pattern plays out, we should see the price action reach it's next resistance point at 11,300 by the 24th.

Over the next 2 days, we would ideally see the MACD histogram crossover preceding a bullish crossover of the signal line, which would further support the validity of this move upward.

Bearish: If the price closes below the current support at 10,700, we could pull back to 10,500.

Bullish: If price action continues, we need to clear the resistance zone at 11,000 -11,100.

Bullish 60% / Bearish 40%