BTC support being currently tested at 9.4k. Two strong rejections but decrease of volume calls for caution. Strong battle between bears and bulls. Bulls need to reclaim 9.8k-10k zone soon in order to target year highs at 14k. If support is broken then next target is 7.5k where a rebound is expected toward 9.4k.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/transparency .
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/transparency .