Cluster of weekly/daily demand zones to watch. $7500 critical price doesn't break below for further upside. subsequently should price break $7500 its likely $5000 would be the next downside zone of value/profit taking area .
As price has already tested the upper daily demand zone, we would see a further decline from here into the $8000/500 region if the current zone doesn't offer enough value for further upside.
I am long bitcoin, stop-loss has been at $7000 for some time now.
As price has already tested the upper daily demand zone, we would see a further decline from here into the $8000/500 region if the current zone doesn't offer enough value for further upside.
I am long bitcoin, stop-loss has been at $7000 for some time now.