Using the Volume Profile shows most BTC has changed hands in the $6000 to $6800 region.
There is a lot of overhead resistance up to $8200. For bitcoin to go up through all that resistance is going to need some significant momentum.
If the diagonal green support doesn't hold and the bottom of the triangle is broken then its kinda obvious where we are heading. It's also obvious that the $6000 region will be extreme resistance.
There is a lot of overhead resistance up to $8200. For bitcoin to go up through all that resistance is going to need some significant momentum.
If the diagonal green support doesn't hold and the bottom of the triangle is broken then its kinda obvious where we are heading. It's also obvious that the $6000 region will be extreme resistance.
