BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish divergence on the 1H as shown on the MACD and now visible on the 4H chart as well.
Descending triangle with bullish divergence putting price under pressure , long position taking profits just before we reach 10800 where is the first fibo extension from 10600 high to 10870 low.
Reaching that level will also bring as for one more time to the upper side of the wider consolidation triangle we have been swinging in for the last few months .
Descending triangle with bullish divergence putting price under pressure , long position taking profits just before we reach 10800 where is the first fibo extension from 10600 high to 10870 low.
Reaching that level will also bring as for one more time to the upper side of the wider consolidation triangle we have been swinging in for the last few months .