Bitcoin has been battling to stay above recent lows. The task has not been easy thus far. The second attempt on the first resistance line is being testing once more. Ideally price needs to close above this in the next day or so for bulls to have a chance at testing 10k and possibly break trend. I believe if we do not close above this line by then though, we will likely retest the support trend line below around 6k - 7k. Furthermore, below 6k will reignites the bears momentum and could have us much lower.
Happy trading and be patient!
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Altcoin volume is abysmal today. Traders are anticipating an abrupt large move it seems.
I only have a long on the 4hr. Mostly neutral though.
Peace!
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Forgot to mention a strong close on this 4hr candle here would be good news for the bulls.
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Bulls are quiet still. Their energy needs to pick up substantially for a test to 10k. Higher lows look nice but the failed higher high is a bit concerning. Stay frosty!