This analysis is for educational purposes only.
Volume is leading the price with a bullish posture. Can the price follow suit ?
Exhaustion/Climax periods ( weekly bar in this case) are more likely than not signal the beginning of the end. Two of those are marked on the chart INCLUDING THE CURRENT ONE.
At a make or break level Bitcoin as it is now testing the resistance line of the down trending channel. If successful, next resistance level will determine its' faith !
Volume is leading the price with a bullish posture. Can the price follow suit ?
Exhaustion/Climax periods ( weekly bar in this case) are more likely than not signal the beginning of the end. Two of those are marked on the chart INCLUDING THE CURRENT ONE.
At a make or break level Bitcoin as it is now testing the resistance line of the down trending channel. If successful, next resistance level will determine its' faith !