Not many people noticed what just happened at that $60k wick.
$BTC has been bleeding for weeks and honestly it looked pretty ugly for a minute there. But if you look at the daily, we’re finally seeing some sideways consolidation. That massive green bar in the order book is impossible to ignore. Almost 97% buy pressure right now. The price is just under $67k. If we can actually close a daily candle above the $73k resistance zone, the trend might finally flip back. For now, it’s just a relief bounce until proven otherwise. I’m watching that $64k level to see if it holds as new support. The volume is still a bit thin on this move up so don't get too excited yet. #BitcoinBouncesBack
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Not many people noticed what just happened at that $60k wick.
$BTC has been bleeding for weeks and honestly it looked pretty ugly for a minute there.
But if you look at the daily, we’re finally seeing some sideways consolidation. That massive green bar in the order book is impossible to ignore. Almost 97% buy pressure right now.
The price is just under $67k. If we can actually close a daily candle above the $73k resistance zone, the trend might finally flip back. For now, it’s just a relief bounce until proven otherwise. I’m watching that $64k level to see if it holds as new support.
The volume is still a bit thin on this move up so don't get too excited yet.
#BitcoinBouncesBack