The market has pulled back down to $282B. Dominance has continued its move up and is at 66.14%. The price of Bitcoin is at 10,400.
Price action was rejected at 10,700 and has pulled back, the current daily candle is squeezed between the conversion line and base line, with the conversion line acting as support and the base line acting as resistance.
However, the MACD signal line and histogram has bullishly crossed over, which suggests a large move could follow into the weekend.
For a large move to occur, we would need to see an increase in volume, which has been relatively flat. Otherwise, we can expect a price range between 10,100 - 10,700.
Bearish: Support is unable to hold over the weekend and the price pull back to 9,400 - 9,700
Bullish: Price is able to find support and an increase in volume pushes the price up to resistance at 11,000 - 11,300
Bullish: 60% / Bearish 40%
Price action was rejected at 10,700 and has pulled back, the current daily candle is squeezed between the conversion line and base line, with the conversion line acting as support and the base line acting as resistance.
However, the MACD signal line and histogram has bullishly crossed over, which suggests a large move could follow into the weekend.
For a large move to occur, we would need to see an increase in volume, which has been relatively flat. Otherwise, we can expect a price range between 10,100 - 10,700.
Bearish: Support is unable to hold over the weekend and the price pull back to 9,400 - 9,700
Bullish: Price is able to find support and an increase in volume pushes the price up to resistance at 11,000 - 11,300
Bullish: 60% / Bearish 40%
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