Bitcoin is testing the upper Bollinger Band on the 4H chart.
BTC is currently around $84.17K, with the upper band at $84.31K, middle band at $83.54K and lower band at $82.78K.
The bands have tightened as Bitcoin has consolidated, so I’m watching for a volatility expansion.
A clean 4H close above $84.3K would be the first sign of a breakout from this range.
If BTC gets rejected here, $83.5K is the first level I’m watching, followed by $82.8K.
The setup is getting interesting around these levels. $BTC
BTC is currently around $84.17K, with the upper band at $84.31K, middle band at $83.54K and lower band at $82.78K.
The bands have tightened as Bitcoin has consolidated, so I’m watching for a volatility expansion.
A clean 4H close above $84.3K would be the first sign of a breakout from this range.
If BTC gets rejected here, $83.5K is the first level I’m watching, followed by $82.8K.
The setup is getting interesting around these levels. $BTC
