Bitcoin Market Analysis

in #bitcoin • 2 years ago

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⚪️TECHNICAL (4H)
BTC currently trading below our $58,000 key level which means we have a higher probability of seeing lower levels before our daily close. Our next significant mid term support level is exactly at $53,340 meaning that it's the zone we'll be looking at for a potential bounce back up above $62,000.

⚪️SENTIMENT
Sentiment after the weekend remains low along trading volume, meaning that we currently have less trading interest than we would expect for a Monday trading session. The market is currently too silent, which tells us we're likely about to have a higher volume move caused by news.

#cryptocurrency #crypto #blockchain #defi #altcoin #btc #eth
2 years ago in #bitcoin by
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