Daily Market Analysis - BTC
The market has been ranging and is slightly up to 245.64B. Dominance has moved back up to 57.11%. The price of Bitcoin has remained locked between 7700-8000.
Volatility has lowered and the trend is still strong indicating this consolidation could break out in the next 3-5 days once the ascending channel trendline is tested.
The kijun has begun drifting upwards, which indicates a small increase in momentum.
Volume has continued to descend and if it's unable to pick up, the price will be testing the downside.
Volatility has lowered and the trend is still strong indicating this consolidation could break out in the next 3-5 days once the ascending channel trendline is tested.
The kijun has begun drifting upwards, which indicates a small increase in momentum.
Volume has continued to descend and if it's unable to pick up, the price will be testing the downside.
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