BTC is currently priced at 78,090.33, up 0.87% over the past 24 hours. The price is moving sideways near the average of key moving averages. Market volatility has narrowed, and volume has not increased noticeably. Neither bulls nor bears are in a hurry to take a stance at this level; it looks more like they’re waiting for a direction.
Sideways trading near the moving averages is essentially a transfer of positions, with the balance of capital forces relatively even. Resistance above and support below are both nearby. Next, watch which way volume tilts; a breakout or breakdown on increased volume would be more meaningful.
#BTC #Crypto #BinanceSquare $BTC
Sideways trading near the moving averages is essentially a transfer of positions, with the balance of capital forces relatively even. Resistance above and support below are both nearby. Next, watch which way volume tilts; a breakout or breakdown on increased volume would be more meaningful.
#BTC #Crypto #BinanceSquare $BTC
