BITCOIN Bears Rejecting $4,075steemCreated with Sketch.

in #bitcoin5 years ago

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Bears haven't let the bulls close with prices above the $4,075 level. The bulls are still struggling to break the $4,275 resistance. If the bulls can't do it soon, they risk bears taking over again and us testing lower supports.

Today, we're seeing more bull volume, but it's also forming a lower body with a spinning top reversal doji. We're less than four hours from closing, but realistically I see the candle closing around this level. Hourly volume has only favored the bears lately.

Technicals are indecisive at this point.

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Thanks for todays update

I don't see any change of volume...going down
Good post

Thanks -- agreed. I'm not confident yet. Hopeful, but definitely not confident.

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