$BTC
Price holding $85k zone is clearly giving us an idea how important support it is.
Price holding $85k zone is clearly giving us an idea how important support it is.
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CRYPTO MECHANIC
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$BTC
Not a bad weekly close. Price is holding that last swing high.
As long as price continues to hold above it, I think it looks fine.
It’s not a major zone structurally. It’s important mainly because when you see a breakout of an important high, you want to see the market hold that level and provide continuation.
So far, the market is holding it.
Lower timeframe:
$85k is the important lower timeframe zone. If bulls manage to hold above it, we can expect continuation higher.
Even better if price doesn’t revisit that zone again.
Not a bad weekly close. Price is holding that last swing high.
As long as price continues to hold above it, I think it looks fine.
It’s not a major zone structurally. It’s important mainly because when you see a breakout of an important high, you want to see the market hold that level and provide continuation.
So far, the market is holding it.
Lower timeframe:
$85k is the important lower timeframe zone. If bulls manage to hold above it, we can expect continuation higher.
Even better if price doesn’t revisit that zone again.