Hello Traders!
Following the downward movement impulse renewing the minimum at $25400, BTC price continues to consolidate in a narrow range of $29000 - $31800.
Considering the liquidity of sellers collected behind the lower boundary of the range - $29000 price level with the subsequent exit of the price upward, we can assume the continuation of the local upward movement. The aim of such activity will be the price exit beyond the upper border of the side range - the level of $31800 followed by the renewal of the local maximums and collection of the buyers' liquidity in the field of $33600 - $35400.
After that, it is possible to expect the continuation of the downward movement of the asset to the buying zone of $22400 - $24000.
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Following the downward movement impulse renewing the minimum at $25400, BTC price continues to consolidate in a narrow range of $29000 - $31800.
Considering the liquidity of sellers collected behind the lower boundary of the range - $29000 price level with the subsequent exit of the price upward, we can assume the continuation of the local upward movement. The aim of such activity will be the price exit beyond the upper border of the side range - the level of $31800 followed by the renewal of the local maximums and collection of the buyers' liquidity in the field of $33600 - $35400.
After that, it is possible to expect the continuation of the downward movement of the asset to the buying zone of $22400 - $24000.
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice