Freaky Friday Bitcoin Consolidation..!?
This is an update on Thursday January 10th's BTCUSD analysis
Price is currently consolidating (accumulating interest & orders) underneath the 3750 quarter level. Remember, after a large move its typically expected the market will take some time to breathe!
Intraday data is showing lower highs, still expecting a possible "pop" in price to break the new structure highs (3800) to capture liquidity before bringing price down.
The speculated price action arrows have been moved slightly to reflect the levels I feel are likely that we will see a reaction but the movement we are looking for remains the same...
The possibility for new lows of the year are still on the table as of today
Price is currently consolidating (accumulating interest & orders) underneath the 3750 quarter level. Remember, after a large move its typically expected the market will take some time to breathe!
Intraday data is showing lower highs, still expecting a possible "pop" in price to break the new structure highs (3800) to capture liquidity before bringing price down.
The speculated price action arrows have been moved slightly to reflect the levels I feel are likely that we will see a reaction but the movement we are looking for remains the same...
The possibility for new lows of the year are still on the table as of today
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