Summary:
Bitcoin price hasn't moved much since my last post yesterday, Price has been moving in the tiny range of 9250 - 8850 levels. Today has been one of the slowest price action again we have ever seen since the 19k highs. We are trading below 200 EMA on daily chart with is bearish .
Here is an interesting thing i observed today on BTC futures chart vs BTC crypto market chart.
On BTC crypto chart, volume has been on the declining side since couple of days, But futures chart the volume has been increasing for each 4 hr candle specially on the last few hours. Futures chart shows a target of 13k for this swing up.
Bitcoin has to break this range before we decide on the trend. We can see indicators running all around and giving mixed signals for the past few days.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
