$BTC is at 84,566.01 (+2.41%), and I’m short-term bullish as long as 82,337.54 holds.
24h range: 82,337.54 to 84,828.00. The latest 1D candle is +1,537.87 (+1.85%), a green push off the 80,000 area. 24h volume is 14,122.31 BTC.
+4.28% over 30 days and +28.29% over 90 days, but still -23.88% over 1 year.
This is a bounce inside a larger range, not a trend reversal call. Price is pressing the 24h high at 84,828.00. A hold above it, then a move into the 86,000 to 88,000 zone where earlier daily wicks topped out, would confirm buyers are in control.
My invalidation is a daily close below 82,337.54, the 24h low. That would turn this into a failed breakout and put the 80,000 area back in play. The weekly chart is why I’m measured: price sits well below the highs between the 120,000 and 130,000 gridlines, and the 1-year change is still negative.
Levels I’m watching: 84,828.00 above, 82,337.54 below.
Follow for more evidence-based market analysis.
Not financial advice. Do your own research.
#Bitcoin #CryptoAnalysis
24h range: 82,337.54 to 84,828.00. The latest 1D candle is +1,537.87 (+1.85%), a green push off the 80,000 area. 24h volume is 14,122.31 BTC.
+4.28% over 30 days and +28.29% over 90 days, but still -23.88% over 1 year.
This is a bounce inside a larger range, not a trend reversal call. Price is pressing the 24h high at 84,828.00. A hold above it, then a move into the 86,000 to 88,000 zone where earlier daily wicks topped out, would confirm buyers are in control.
My invalidation is a daily close below 82,337.54, the 24h low. That would turn this into a failed breakout and put the 80,000 area back in play. The weekly chart is why I’m measured: price sits well below the highs between the 120,000 and 130,000 gridlines, and the 1-year change is still negative.
Levels I’m watching: 84,828.00 above, 82,337.54 below.
Follow for more evidence-based market analysis.
Not financial advice. Do your own research.
#Bitcoin #CryptoAnalysis