Daily Market Analysis - BTC
The market cap is up to 248B. Dominance is up to 69.12%. The price of Bitcoin is at 9,500.
Price action has closed above support zone 1 for the past 2 days, which tells us there is buying pressure here.
Technical indicators are oversold the stochastic RSI could crossover during the weekend.
Bearish: If price actions falls below support at 9,300, we could pull back to 9,000.
Bullish: If the price action is able to close above resistance at 9,700, the price action could re-test resistance at 10,100.
Bullish 55% / Bearish 45%
Price action has closed above support zone 1 for the past 2 days, which tells us there is buying pressure here.
Technical indicators are oversold the stochastic RSI could crossover during the weekend.
Bearish: If price actions falls below support at 9,300, we could pull back to 9,000.
Bullish: If the price action is able to close above resistance at 9,700, the price action could re-test resistance at 10,100.
Bullish 55% / Bearish 45%
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