BTC price has been in a healthy up trend up to 10k. At the 10k price things began to change, after the short pull back BTC attempted to go higher and while price went up volume went down. BTC does not go up without heavy volume and the round number resistance at 10k is proof. Price/ volume divergence is a bad sign, we need more upward momentum to break through this resistance. How do we get that?
A pull back to 62% retracement on the fib. Look for $6,244!!
- remember price tends to overshoot rather than undershoot retracement levels.
A pull back to 62% retracement on the fib. Look for $6,244!!
- remember price tends to overshoot rather than undershoot retracement levels.