Just took a quick look at the charts, and BTC’s price action is honestly putting me to sleep. It’s been moving within a range of less than 2,300 points over the past 24 hours, and volume hasn’t picked up either—both bulls and bears are just testing the waters. There’s firm resistance around 81,500. Buyers stepped in when price wicked down to 79,220, but there hasn’t been any meaningful rebound since, so momentum looks pretty weak.
Resistance is at 81,500, with support at 79,220. I’m watching for more range-bound action between 80,000 and 80,800. In this kind of low-volume chop, I’d rather wait for the market to show its hand.
Do you think this move can hold above 79,220? Just my personal trading notes, not investment advice. $BTC
Resistance is at 81,500, with support at 79,220. I’m watching for more range-bound action between 80,000 and 80,800. In this kind of low-volume chop, I’d rather wait for the market to show its hand.
Do you think this move can hold above 79,220? Just my personal trading notes, not investment advice. $BTC